We have some exciting news for homeowners with FHA mortgages. The government has announced a program that will lower the cost of refinancing for those who are eligible. Previously, a homeowner who wanted to refinance their FHA loan was required to pay extremely high FHA insurance fees. Sometimes these FHA fees were even higher than the homeowner paid when the home was purchased.

Courtesy of this new government initiative, a homeowner who is eligible can now refinance with these FHA insurance fees slashed by as much as 75%.  The FHA Streamline Refinance Program also features reduced documentation — which means less paperwork for applicants.

Rates are currently at historic lows and the New FHA Streamline Guidelines will enable hundreds of thousands of homeowners to take advantage in order to lower their payments significantly.  Contact us for a free analysis to find out whether you are eligible for this new program and by how much you can lower your monthly payment.  Time is of the essence because when word gets out, lenders are expected to be very busy trying process all the requests.