Benefits of an FHA Streamline Refinance
- Simple Eligibility Requirements: Your mortgage must be an existing FHA loan with no late payments in last 12 months.
- No income verification: No need for paystubs or verification of income, employment or assets.
- Minimal out-of-pocket costs: No appraisal required in most cases. Plus, you can include closing cost and the upfront MIP in the new loan.
- Fast closing: With streamlined application and processing, you can enjoy a lower monthly payment in as little as 2 weeks.