FHA Streamline Refinance Rates
FHA Streamline Refinance Rates
For people who are currently in an FHA loan, when the FHA rates drop, the most popular FHA loan program is the FHA streamline refinance. The FHA streamline refinance program allows eligible FHA borrowers to take advantage of lower rates if they are available without requiring that they completely re-qualify for a new loan.
FHA Streamline Refinance Rates: Real Time
These posted rates are courtesy of Zillow.com and are an average of what you might expect should you work with a loan officer to get qualified for the FHA streamline refinance program for a 30 year fixed rate FHA loan. The 30 year FHA fixed rate mortgage is the most popular FHA loan, because its rate is fixed for 30 years and will not rise should interest rates rise.
FHA Streamline Refinance Rates: Be Sure To Lock
When you qualify for the FHA streamline refinance, you are not guaranteed your rate until you actually lock. Many times throughout the day, FHA streamline refinance rates change, and until you lock – well, your rate may go up or down depending on the market. Most lenders will allow you to lock your FHA streamline refinance rate once the initial documentation has been signed. Some lenders will allow you to lock, but will charge a “loan application” fee or a “loan commitment” fee.
We never charge lock fees and we don’t charge any application or commitment fees — but we do require that you sign all of the initial FHA disclosures prior to your locking your FHA streamline refinance rate with us.
Ready for the next step in the FHA streamline process?
Apply for an FHA streamline refinance or call us at 480-374-0303 to get started.
