On Thursday I was meeting with a potential client of ours who had an FHA loan here in Utah.  They wanted to explore their options when it came to a refinance.  They looked at FHA loan interest rate, they didn’t have bad credit, so their rate was actually going to be pretty low.

I am a huge, I mean huge fan of FHA Streamline Refinance loans especially here in Utah.  They are the perfect solution for anyone who has an FHA home loan and looking to lower their interest rate and lower their monthly payment.  We took a few minutes to go over the guidelines (which are very few) and they were sold on the idea.  You see, this type of mortgage program offers many different benefits over other types of refinance loans. One thing that really impressed our client is the fact that they didn’t have to go home and sort through all of their financial info.  With an FHA Streamline, you need little or no documentation and it can pretty much be done the first time you come into the office.  They were also thrilled that they didn’t have to have their credit pulled and analyzed as most people who refinance have to do.  This lessens the time that you loan is in underwriting and it gets things moving along much quicker.

You need to know that just about anyone with an FHA home loan can get an FHA Streamline Refinance.  The only people who cannot qualify for an FHA Streamline are those who have been late on any of their mortgage payments.  If you live in Utah, have an FHA loan, want to lower your interest rate and monthly mortgage payment, an FHA Streamline Refinance is for you!  Click here to contact us and get your streamline started today!

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