FHA Streamline Refinance in Albuquerque, NM

Anything from your credit score to employment status might have changed since you first bought your home. If it has, you might consider refinancing. If you already have a loan from the Federal Housing Administration (FHA), you may qualify for an FHA streamline refinance. The experts at Infiniti Mortgage, LLC can help.

About the FHA Streamline Refinance Program

The FHA streamline refinance program is:

  • Fast and simple to qualify
  • Available as an adjustable- or fixed-rate loan
  • Available as a 15-, 20- or 30-year term

If you refinance your FHA loan, you can prepay without penalty. Most often, no income or appraisal is required.

Qualifying for the Program

In order to qualify for the FHA streamline refinance, you must:

  • Have an FHA home loan
  • Make the home your primary residence
  • Have made on-time payments for the last 12 months
  • Wait 210 days after receiving your loan
  • Prove net tangible benefit

There may be additional requirements for you to qualify for an FHA streamline refinance. Your loan officer can discuss any additional requirements with you during your meeting.

FHA Refinance Mortgage Rates

FHA refinance mortgage rates can vary on a daily basis. They may also be based on your financial situation. A loan officer from Infiniti Mortgage, LLC can determine what refinance mortgage rate you might be eligible for by taking a deeper look at your financial profile.

Pre-Qualify To Refinance Your FHA Loan

You can pre-qualify for a FHA streamline refinance. The professional loan officers at Infiniti Mortgage, LLCwill go through your finances, credit history and employment status to pre-qualify you for a loan. All of this will be done during your initial face-to-face meeting. Contact us today to see if you pre-qualify to refinance your FHA home loan.