Thank you for taking the 1st step towards reducing your current FHA home loan with an FHA Streamline Refinance loan and you may be asking yourself what is a streamline refinance? The short answer to this: you can refinance your existing FHA home loan into a lower interest fix rate that is being offered at current market rate with very little documentation (no income and no appraisal) and the benefit of the refinance program is, if you do not see a benefit, then you simply continue with your existing loan, no money lost in exploring the FHA Streamline refinance option. FHA has a built-in feature to save you money once the rates decrease by offering a streamline home loan.
FHA Streamline Refinance requirements/guidelines are as such:
FHA home loans that were insured by HUD prior to May 31st, 2009 will remain at a very low monthly mortgage insurance payment, which will reduce your overpayment drastically compared to HUD's current monthly mortgage insurance factor. Click on the link below to see your savings.
FHA Streamline Refinance Calculator
Canopy Mortgage is one of the few California FHA streamline refinance lenders that will assist a homeowner that is being serviced by another lender. The larger banks will only refinance their existing loans that they are servicing and many other lenders do not offer an FHA streamline refinance home loan California.
Let's get started on the path towards reducing your rate by completing the short contact form below or call me right away direct to explore the option of reducing your overall mortgage payment.
Please complete the short inquiry form below and I can get started on my preliminary review of your home.