What Is FHA Streamline Refinance?

What Is FHA Streamline Refinance?

Refinancing can be a very attractive option for homeowners looking to lower their interest rate and monthly mortgage payment while also tapping into some home equity to pay for renovations, upgrades, and other expenses. However, traditional refinances typically require a few stipulations, such as having a good deal of positive equity in the home. If you have an existing FHA loan but lack equity, then the FHA Streamline Refinance Program may be the refinance solution for you. 

The Pros and Cons of FHA Streamline Refinance Requirements

The FHA Streamline Refinance Program offers homeowners a refinance option with more relaxed eligibility requirements. Because of your proven credit worthiness, the program can assist you whether or not you have positive home equity built up. However, there are pros and cons to consider with any refinance program, and the FHA Streamline Refinance is no different: 

Pros of FHA Streamline Refinance

Cons of FHA Streamline Refinance

Is the FHA Streamline Refinance Right for You?

No matter your choice or what you’re eligible for, the professionals at Butler Mortgage can help match you with the right refinance to suit your specific needs. Our mortgage experts can help assess your current home loan situation and assist you in getting the most optimal refinance for your situation. 

Consult With the Professionals at Butler Mortgage

For over 25 years, Butler Mortgage has worked with home buyers and homeowners looking to finance or refinance a Central Florida home. Let us help you find the right loan solution for you by calling 407-931-3800 or by filling out our free consultation form online.

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