The United States Department of Agriculture’s Streamlined Refinancing Program is designed to provide relief and savings to borrowers who are current on their mortgages.
You may stand to benefit from this government program if you live in one of the following states: Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Mississippi, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, Tennessee.
The USDA Streamlined Refinancing program takes the hassle out of refinancing, so why not get more information today?
USDA Rural Housing finally joined the party! Rural homeowners now have a refinance option designed to help underwater homeowners take advantage of historically low interest rates.
With no equity requirements, no debt to income restrictions and very little documentation required, the USDA Streamline Refinance is welcomed relief for underwater homeowners.
It took a while for USDA to join the streamline refinance party. FHA has had a streamline refinance program for years, VA has their IRRRL and recently Fannie and Freddie joining the negative equity party with HARP 2.0.
So, are you a homeowner with a USDA mortgage? Wondering how you can qualify? It’s suprisingly easy.
Don’t be fooled, all loans have closing costs, even your USDA Streamline Refinance. They may be reduced, but they still exist.
Don’t worry though, you have options! There are several ways to pay for your streamline refinance closing costs.