FHA Streamline Mortgage Loan
Everyone likes a rate reduction, and with the FHA streamline mortgage loan and the rate reduction program this program offers it will do just that. A typical loan usually takes longer for documentation, but with this loan it can be faster and with less documentation that will save you a lot of time and money. This is a great way for homeowners to lower their interest rate with no out-of-pocket costs.
Requirements for FHA Streamline Mortgage Loan
To further educate consumers about the FHA Streamline Loan, we want to provide information on the basics of this loan:
• The borrowers original loan must already be FHA insured
• Borrower can not receive any cash back
• Borrowers must be up to date on any federal debts
• Borrowers must have had the FHA mortgage for 6 months
• The mortgage has been paid for the last 12 months as agreed
• No income verification required
• No termite report
• No pay stubs or w-2 forms required
East West Mortgage understands that there is tons of mortgage loans out there, and through this world maze of mortgage loans, we want to make sure our consumers are educated on the FHA home loan. Federal Housing Administration (FHA) is a loan program that reflects the Federal Governments dedication to expanding homeownership and home buying opportunities to consumers. East West Mortgage offers the most current rates on the FHA loan helping consumers save time and money everyday. Whatever your mortgage needs is, East West Mortgage's team of mortgage brokers will work hard to insure you receive our best interest.
