Refinancing

Learn About RHA Streamline Refinancing

What is an FHA Streamline Refinance?

The FHA Streamline is a special refinance program reserved for homeowners with
existing FHA mortgages. It’s the fastest, simplest way for FHA-insured homeowners to refinance their mortgages at today’s low mortgage rates.

Benefits of the FHA Streamline program include:

  • Low refinance rates
  • Lower Mortgage Insurance Premium (MIP)
  • Mortgage Insurance Premium (MIP) refund
  • No appraisal
  • No verification of job or income

How Does It Work?

The FHA Streamline works like any other refinance product. You take out a new FHA
mortgage, typically with a better interest rate and lower monthly payment, this new mortgage replaces your existing loan.

This product is available as a fixed-rate or adjustable-rate mortgage with no FHA prepayment penalty to worry about.

Ask your lender what is best for you.

FHA Streamline Refinance Pros

  • Easy to qualify
  • Access today’s lower interest rates
  • Lower Mortgage Insurance Premium (MIP) rates for some borrowers
  • No home appraisal is necessary

FHA Streamline Refinance Cons

  • No cash-back allowed
  • Some Underwriting may be stricter than others
  • You can’t shorten your loan term
  • Closing costs can’t be rolled into the loan balance

I am interested in an FHA Streamline Refinance!

Academy Mortgage Yuma
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Contact a loan officer today, and we can help you break it down to see if this is a good option for you!

Derek Egeberg

Branch Manager

NMLS 180899

State Lic: AZ LO-0915245, TN 236104

PHONE: (928)246-0422

PHONE: (928) 247-9089

Ray Ochoa

Senior Loan Officer

NMLS 214114

State Lic: AZ LO-0915882, TN 238287

PHONE: (928)246-5937

PHONE: (928) 247-9089

Bill Craft

Sales Manager

NMLS 1621885

State Lic: LO-0942496

PHONE: (928)366-1639

PHONE: (928) 247-9089

Academy Mortgage Yuma - Shara Castro

Shara Castro

Loan Officer

NMLS 2188389

State Lic: LO-1028017

PHONE: (928) 247-9089 X33940

PHONE: (928) 366-1654

Academy Mortgage Yuma - Robert Wright

Robert Wright

Loan Officer

NMLS# 1989817

State Lic: LO-1012538

PHONE: (928) 247-9089 X33917

PHONE: (928) 366-1637

Rosa Castillo

Senior Loan Officer

NMLS# 799138

State Lic: LO-0944489

PHONE: (928)920-2831

PHONE: (928) 247-9089

I Want to Refinance!

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