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 Refinancing with FHA Streamline in Redding, CA

  • 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 monthly payments by refinancing via FHA Streamline in Redding, CA. Just contact our office to get started on the refinancing process! Call (530) 999-9000.

Megastar Financial Redding 920 Hilltop Drive, Suite B Redding, CA 96002 (530) 999-9000
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