If you have an existing FHA home loan you qualify for one of the best mortgage interest rate reduction programs available today. If you are current with your home loan and you can refinance your home with a principal and interest amount lower than your existing FHA home loan you already qualify for the FHA streamline refinance.

This program is available right here in Arizona to borrowers with existing FHA home loans without even needing a credit check. Can you imagine doing an FHA streamline refinance with no credit check? What if you also did not need an employment verification? In fact the FHA streamline refinance has a tremendous reduction in paperwork requirements.

To be an FHA streamline refinance the result must be a lowering of the monthly principal and interest payment. With interest rates as low as they are today this is not difficult to accomplish. Ask your Arizona FHA home loan specialist about “rolling in closing costs”. While this may affect the requirement for appraisal it can limit or completely eliminate the amount of closing costs required from the home owner at closing.

All in all an FHA streamline refinance is a powerful way to manage debt. Call your Arizona FHA home loan specialist today and ask for an FHA streamline refinance.