FHA Streamline Refinance

If you are currently in an FHA loan, the FHA Streamline option is a great way to take advantage of super low interest rates to lower your monthly mortgage payment.

Where do you want to start?

Do a little research first

Our website is full of tools and tips to answer most of your questions. Our resources are designed to inform you on all aspects of the mortgage lending process.

Talk to an experienced Loan Officer

We make this experience as low pressure and informative as possible. All of our loan officers have years of experience and get excited about getting your the best mortgage.

Benefits of an FHA Loan

The current low interest rate environment makes it a perfect time to take advantage of our FHA Streamline. Here are a just a few reasons to see if you qualify for this special loan option:

  • Are you currently in an FHA mortgage loan? This gives you the unique option to streamline your refinance when rates dip.
  • Is your current mortgage rate higher than the current prevailing interest rates?
  • Do you owe more on your mortgage than your home is worth?
  • Do you want to save money on your monthly mortgage payment by locking in a new lower rate–even if you owe more than your home is worth?
  • Get a mortgage with no appraisal required, lower credit requirements, and limited documentation to qualify

If this sounds like your situation the FHA Streamline is likely to be your best mortgage option. Let us see if you’re qualified for this unique refinance option, even if your credit is less than perfect–Call one of our FHA specialist now at (313) 937-6005.

How an FHA Streamline Works

Velocity Lending is proud to offer the FHA Streamline refinance. This unique refinance program is designed by the Federal Housing Administration to help homeowners lock in the very best rates in a historically low interest rate environment.

Some of the special features of this program include:

  1. Because you already have an FHA loan and have been qualified before by FHA, they allow us to streamline the refinancing of that existing mortgage
  2. The FHA Streamline still offers you the flexibility of various rates and terms, to include a 5-year adjustable rate mortgage (ARM), as well as 15-, 20-, 25-, and 30-year fixed-rate loan.
  3. There is no new appraisal required
  4. There are minimal credit requirements

Call us now at (313) 937-6005 to see if you qualify for the benefits of the FHA Streamline Refinance.

Do It Yourself Mortgage Analysis

Review the Different Types of Loans

  • 30-year Fixed Rate Loan
  • FHA Loan
  • VA Loan
  • 15-year Fixed Rate Loan
  • Jumbo Loan
  • Adjustable Rate Loan

Questions We Get Over and Over

Get your free quote today!

Fill the form out below or call us at (313) 937-6005 to receive a free quote.