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What is a Streamline Refinance?

The FHA Streamline is a special refinance program that was designed by the Federal Housing Administration (FHA) in the early 1980’s. The FHA streamline program allows existing FHA borrowers to take advantage of lower rates, when available, without many of the traditional underwriting requirements. FHA streamline refinance transactions are still subject to the same title fees, closing costs and other typical costs associated with a refinance, unless the lender makes other exceptions.  READ MORE

Start Now – Check Your Eligibility

  • Option #1 – Call us at
    No notification needed. Just call our office and we can explain everything in detail. When you call, you are under no obligation and no pressure.
  • Option #2 – Check eligibility online.
    Check your eligibility online by using the REFERENCE NUMBER on your notification. You will need your notification to use the online service.
  • Option #3 – Send Us Your Information
    Would you prefer that we call and help you with enrollment? Simply CLICK HERE and you can forward us your contact information. We will contact you within 24 hours.

FHA Streamlines Help Ease Payment Increases

New FHA Mortgage Insurance IncreaseNew FHA Annual Mortgage Insurance Premium
President Obama signed a bill in August of 2010 giving HUD the flexibility to increase Annual Mortgage Insurance Premiums. According to Mortgagee Letter 11-10, the increase in Annual Mortgage Insurance Premiums will be effective for all case numbers dated on or after April 18th 2011.

HUD is implementing a 25 basis point increase in the annual premium for terms of greater than 15 years and equal to or less than 15 years. READ MORE

Origin of the FHA Streamline Program

Official HUD WebsiteFHA has permitted streamline refinances on insured mortgages since the early 1980’s. The “streamline” refers only to the amount of documentation and underwriting that needs to be performed by the lender. Lenders may offer streamline refinances in several ways. Some lenders offer “no cost” refinances (actually, no out-of-pocket expenses to the borrower). Streamline refinances can also be done without appraisals, but the new loan amount cannot exceed the original loan amount.  READ MORE

The FHA streamline refinance program helps borrowers lower mortgage payments. CBC National Bank specializes in FHA streamline refinancing transactions that lower interest rates and reduce mortgage payments without appraisals or income verification. FHA Streamline Refinances may be possible without increasing existing loan balances. No cost programs may result in a slightly higher interest rate. FHA Streamline Refinances may close in as few as 15 days, depending on date submitted. CBC National Bank specializes in VA Streamline Interest Rate Reductions with no income verification. VA Streamline Refinances may be possible without increasing existing loan balances. VA Streamline Refinances may close in as few as 10 days, depending on date submitted.

© 2010 CBC National Bank. Trade/service marks are the property of CBC National Bank or their respective affiliates and/or its subsidiaries. Some products may not be available in all states.

Kwe Parker (NMLS#49165) is a professional mortgage specialist for CBC National Bank that specializes in showing FHA and VA borrowers how to use seldom publicized methods to lower FHA and VA mortgage rates without the normal hassles associated with refinancing. Kwe "Clay" Parker and his team have helped thousands of FHA and VA borrowers reduce their mortgage payments.