FHA Streamline in Redding, CA
The FHA streamline is easy and will save you real money. Contact us and we’ll help you reduce your interest rates.
What is an FHA Streamline Refinance
The FHA Streamline Refinance loan is a government loan available for current FHA loan holders. Anyone who qualifies can refinance and reduce their interest rate with little to no closing costs and without an appraisal.
Benefits of the FHA Streamline Refinance
- No appraisal required.
- Lower your interest rate and payment.
- No lender fees.
- Reduce your monthly payment.
- Very little documentation required.
- No penalties for pre-payment.
Reequirements of the FHA Streamline Refinance
- You must have made at least 6 payments on your mortgage.
- No more than 1 of your mortgage payments have been late in the last 12 months.
- You must still be employed and be able to meet your next monthly payment.
- Save at least 5% of the Monthly Payment (Principle & Interest Payment + Mortgage Insurance Payment).
- You must have a credit score of at least a 640 or higher.
We’d be More Than Happy to Watch Your Rate for You.
We at Megastar Financial will be more than happy to watch your interest rate like a hawk, and call you when the time comes that you may lower your rates, or your monthly payments. Just contact us!