FHA Streamline RefinanceThis simplified refinance option is for homeowners with an existing FHA mortgage. It requires less documentation than typically required and is usually completed quickly.
What you need to know about FHA Streamline refinancesDo you have an existing FHA home loan? The FHA Streamline refinance program may be the answer for you. This program allows homeowners to refinance their current FHA loan to a lower rate more quickly than a typical refinance. The amount of documentation required is drastically reduced and often you do not need to get an appraisal done, saving you time and money.
It's important to note that you won't get more than $500 cash at closing, so if you are looking to get more cash back you may want to look into a cash-out refinance. Speaking to a Results Mortgage Loan Officer about your goals is a great place to start.
The process is easier and faster than a typical refinance
No appraisal is typically required, saving you money
There is no verification of income or employment required
Refinance and obtain a lower interest rate