on a 30-year FHA fixed rate purchase mortgage for zero points. Well qualified FHA streamline refinance borrowers can get 3.75 percent, no-cost, lender credits the new impound account and pays up to $2.
compared with a conventional mortgage rate on the same term of 4.06%, according to Ellie Mae. As far as mortgage refinancing goes, the edge goes to FHA “streamline” refinancing. With no credit check,
And just as with a mortgage loan, you may be qualified for a government-backed VA Interest Rate Reduction Refinance Loan (IRRRL) or FHA Streamline Refinance. If your mortgage is with another lender, U.S. Bank offers other refinancing options for lowering your interest rate and changing the term of your loan.
FHA streamline guidelines and requirements. A streamline refinance lets you quickly and easier refinance into a loan with a lower rate and payment.