Question Hotline: (800) 298-4520

If your rate is 6.0% or higher you qualify for a Government Streamline Rate Reduction to 5.0%.  On a $250,000 loan you will save over $160 per month.  Check today's rate here.  Below are some key points to this program.  Lock in today by Applying Online or calling our price desk.

An FHA Streamline Refinance is available to borrowers with a current FHA loan.  This is a powerful tool that requires no income or credit checks or an appraisal check.  This is a great way to lower your rate with little effort or costs.  

HUD has implemented a benefits check to insure the borrower is protected.  The new loan must be at least 1% lower in rate or save them at least $50/mo. from the old payment.  At Interstate we offer a No Lender Fee option so that our clients can save even more.  Here are some important things to consider when streamlining:

• NEW- The new stimulus is NO longer requiring a mortgage rating.  This means having lates no longer is an issue as long as your payoff request shows current now. 
• Your new balance should stay under your old loan starting balance to avoid appraisal.
• No Minimum Fico is needed.
• We will not verify income, and no longer have to list a job or confirm employment -  NEW
• All borrowers on the old loan must stay on the new loan, otherwise income qualification will be required.
• Never pay prohibited fees, if you feel like you are being asked to fees that FHA does not allow.

We have been doing goverment loans for over 10 years, so call today if you want to streamline your mortgage.  Check out our rates page and see how we compare to Wells Fargo on FHA loans. 

 Call today or Apply Online and let us show you Truth-in-Lending.

(866) 495-4126