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The FHA Streamline Refinance program is available for Michigan homeowners looking to save on interest payments. This program allows you to refinance to today’s low rates without the need for a new appraisal, making it ideal for homeowners with little or no equity.
You may qualify for a mortgage refinance to reduce your rate by at least 0.5%. If you’ve made on-time payments for the past six months, you could be eligible for a lower rate. Closing costs are low and the process is easy and fast.
Simplify Your Refinance Process with an FHA Streamline Loan
Refinancing your mortgage can be a complex and time-consuming process, but with an FHA Streamline Refinance, it doesn’t have to be. This program is designed to streamline the refinance process, making it faster and easier for you to lower your interest rate and monthly payments. With minimal paperwork and no new appraisal required, an FHA Streamline Refinance can help you simplify your finances and achieve your homeownership goals sooner.
If you currently have an FHA mortgage, then you may qualify for a FHA Streamline Refinance with no appraisal. FHA’s streamline refinance program will allow Michigan homeowners to refinance to lower mortgage rates while also drastically reducing the steps needed to qualify.
When it comes to qualifying for the FHA Streamline Refinance, you have to be up-to-date on all mortgage payments for the past year. This means that you must have paid all your mortgage payments on time for the past 12 months with no 30 day late pays.
You also have to be sure you’re the original property owner for the last six-months, minimum, to take advantage of the program. The next step is to call us at 800-555-2095 or request information at Riverbank Finance. A licensed loan officer will connect with you to help review you your options to for FHA streamlines mortgage rates.
Benefits of a Michigan FHA streamline Refinance
There are several great benefits to the streamline program including the amount of paperwork needed is miniscule. The closing costs and fees for this type of refinance are very low, in fact there are zero cost loan options available for most situations.
- Lower your monthly mortgage payments
- Enjoy historically low mortgage rates
- Simplify the refinancing process with minimal paperwork
- Save money on closing costs and potentially qualify for zero-cost loan options
- Stabilize your finances with a fixed-rate FHA loan
- Refinance without the need for a new appraisal
This program requires no application fee and no out of pocket costs before close. Another great benefit is there is no appraisal required therefore the value of your home is not an important factor.
When you take advantage of an FHA Streamline Refinance, you can expect to receive as very low to zero-cost loan options! No matter where your property is within the state of Michigan, we can help you benefit from an FHA Streamline Refinance. Call Riverbank Finance today at 1-800-555-2098 to begin your refinancing process to see if you can save thousands in interest.
Looking to drop your mortgage interest rate using an FHA Streamline Refinance? Fill out the form below: