What Is It? - The Federal Housing Administration (FHA) streamline refinance may be the easiest way for some homeowners to get today's best mortgage rates and quickly reduce their monthly payments. Designed for existing FHA customers, the "streamline refinance" allows homeowners to refinance with less documentation and underwriting.
The calling card of the FHA streamline refinance is that no appraisal is required, a huge draw for underwater homeowners. In addition, the lack of typical refinance requirements, such as income and credit verifications, allows the process to move more quickly than traditional refinances, but while the FHA has designed the streamline refinance to be quick and simple, there are still a set of specific requirements that must be met, and some lenders even institute their own rules.
Janus Mortgage Corporation is a mortgage broker licensed in the State of California, under the auspices of the California Bureau of Real Estate license number 02038085 and the National Mortgage License Registry NMLS Number 1690954, . All offers for loan programs are made for loans on California properties only.