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Maryland Department of Housing & Community Development MARYLAND MORTGAGE PROGRAM FHA Streamline Refinance Program for existing MMP borrowers FACT SHEET OPENING DATE: Thursday, February 12, 2015, DESCRIPTION:
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The FHA Streamline Refinance program is a mortgage refinance program that allows homeowners with an existing FHA loan to refinance without an appraisal, income verification, or credit check.
Homeowners with an existing FHA loan who want to refinance their mortgage without going through a full underwriting process are required to file the FHA Streamline Refinance program.
To fill out the FHA Streamline Refinance program, homeowners need to contact their lender and apply for the refinance. The lender will guide them through the process and provide the necessary forms to complete.
The purpose of the FHA Streamline Refinance program is to help homeowners with existing FHA loans lower their monthly mortgage payments by refinancing at a lower interest rate.
The information required to be reported on the FHA Streamline Refinance program includes basic personal information, details of the existing FHA loan, and income verification.
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