Get a lower mortgage rate with no appraisal!
Cardinal Financial is proud to offer FHA Streamline refinance, a loan program designed to help homeowners take advantage of today’s extremely low mortgage rates and get a lower rate and payment on their FHA loan.
With recent new programs that have lowered the upfront mortgage insurance and monthly insurance payments, it has become more affordable than ever before to refinance. Is an FHA Streamline refinance right for you? Find out by calling our team now or fill out our quick form on the right and we’ll contact you to discuss what works for you.
What is an FHA Streamline refinance?
The FHA Streamline is a refinance program from the Federal Housing Administration which could get you a lower rate on your FHA mortgage without an extensive qualification process. Simply put, the typical refinance process is greatly streamlined, saving you time and effort. FHA Streamline is also known as FHA IRRL (Interest Rate Reduction Refinance Loan). In order to qualify for this program, you must currently be in an FHA loan.
How the FHA Streamline refinance loan works:
The FHA Streamline is a refinance program for homeowners currently in an FHA Loan.
FHA Streamline is offered as a 5-year ARM (adjustable rate mortgage) or either a 15-year or 30-year fixed rate loan.
No appraisal required.
Minimal credit requirements.