FHA Loan

• Is your home equity or down payment below 20%?
• Looking for an FHA Streamline refinance for your existing FHA loan to save money?
• If your answer is “Yes” to one or more of these questions, you could benefit the most from an FHA loan.
• An FHA loan can be a great way to qualify for refinancing or purchasing a new home. It provides you with a number of flexible choices on a loan. Choose from the versatility of a FHA adjustable rate mortgage (ARM) or the security of an FHA fixed rate mortgage.

• You may qualify with a credit score as low as 580
• Refinance up to 97.75% of the value of your primary home
• Buy a new home with as little as 3.5% down

• The monthly payment you make will depend on your situation and the interest rates at the time you apply.
• You are free to pay your mortgage faster without any pre-payment penalties.
• Availability of various repayment
• Availability of ARM mortgages
• If you have an existing FHA loan, refinance it faster, and easier with an FHA Streamline (sometimes with no appraisal)
• Intelliloan® is an approved FHA lender. Our locally licensed Home Loan Specialists will assist you through the entire mortgage process, and help guide you to the mortgage that fits your needs.

The FHA Streamline is Federal Housing Administration’s refinance program that is designed to provide a potentially lower interest rate on your FHA mortgage while shortening the qualification process. In simple terms, it streamlines the typical refinance process! You must be currently in an FHA loan in order to qualify.

• It is a refinance program for those currently in an FHA loan
• Availability of various terms with fixed rates
• Availability of ARM mortgages
• Minimal credit requirements
• No appraisal required

• Do you currently have an FHA loan?
• Are you looking to save money with a lower interest rate and payment on your existing FHA loan (even when you owe more than what your home is worth)?
• Do you want a mortgage that potentially requires no appraisal, has lower credit requirements, and involves limited documentation for qualifying?
• If so, then you could benefit from an FHA Streamline Refinance. You may even qualify with less-than-perfect credit. Speak with one of our Home Loan Specialists to learn more about FHA Streamline.

• The FHA Streamline may be the right choice for you if you meet at least one of the following criteria:
• Your existing FHA loan rate is higher than the current mortgage rates in the market
• You owe more on your existing mortgage than what your home is worth