The FHA Streamline Refinance Program Explained

The FHA (Federal Housing Authority) has permitted streamline refinances on insured mortgages since the early 1980's. The "streamline" refers only to the amount of documentation and underwriting that needs to be performed by the lender. The basic requirements of a streamline refinance are:
 

	The mortgage to be refinanced must already be FHA insured
	The mortgage to be refinanced should be current (not delinquent).
	The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
	No cash may be taken out on mortgages refinanced using the streamline refinance process.

Under the HUD program known as FHA Streamline Refinance, when mortgage rates drop, you are entitled to reduce your current interest rate - at NO COST to you. 

The streamlined refinancing program is a simple procedure that does not require a credit report, face to face interview, property appraisal or verification of income. 

Empire does not charge an application fee through this program.  In addition, not only will you reduce your interest rate, you may choose to have Empire pay your closing costs.  In fact, most of our customers select this option.

Empire Equity Group is approved by the US Department of Housing and Urban Development to process streamline applications. To take advantage of this program you must request the rate reduction while rates are down. Rates have not been lower in decades. Act now.

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