Do you currently have an FHA or VA loan?
You may be eligible for a streamline refinance. Streamline programs are designed to make refinancing an existing FHA or VA loan simpler than a standard refinance, with less documentation required.
What a streamline refinance may offer:
- May reduce your monthly payment — depending on your current rate, your term, and closing costs
- May reduce your interest rate — subject to market rates at the time of application and to lender approval
- Reduced documentation — streamline programs typically require less paperwork than a standard refinance
- Closing costs may be financed — closing costs are not eliminated. Where they are financed, they are added to your loan balance and you pay interest on them over the life of the loan
- Credit review still applies — lender credit and eligibility requirements apply to every application
- 15, 20 and 30 year terms available
Streamline Refinance
The VA streamline option is similar to the FHA Streamline Program. A minimal amount of documentation is needed. If you are a Veteran, we also have purchase programs available to you.
Extending your loan term or financing your closing costs can increase the total interest you pay over the life of the loan. We will walk you through the numbers before you apply. Call us at (718) 943-9200.