FHA Streamline Mortgage
FHA Streamline mortgages allow homeowners who already have a FHA loan to be rewarded with a low rate refinance to replace their current home mortgage with very little paperwork needed when streamlining.
FHA Mortgage Video on Streamline Refinancing
Cash out is not allowed with FHA streamlines, but the process is quick and lending closing costs are reduced as well. FHA rates remain at record levels and customers who are current on their FHA loan for the last twelve months will likely qualify for FHA streamline loans.