- Only available to current FHA loan holders or whose loan is insured by HUD/FHA.
- Created by FHA to help homeowners reduce their interest rate and/or mortgage insurance premium.
- Lower closing cost that a conventional refinance.
- No appraisal or income qualification required.
- Credit scores down to 550 can qualify.
- The loan process with Residential Mortgage Solutions is 3 weeks on average (ask about our 21 day guarantee).
Residential Mortgage Solutions closes most all their FHA streamline refinances within 21 days from loan application. As a medium size mortgage lender with FHA delegated lending authority our service on these types of loans is second to no-one in the mortgage industry. Because of the “streamlined” underwriting guidelines with no appraisal or income qualifications, the FHA streamline may be the right loan for you.