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FHA Streamline Loan

Why You Should Choose a FHA Streamline Loan

FHA Streamline Loans (also called "FHA IRRRL" - Interest Rate Reduction Refinance Loans)

If you currently have a FHA Loan or have recently refinanced into a FHA Loan, OpenGate Lending strongly urges you explore the advantages a FHA Streamline Loan may offer you. Also no appraisal is needed; which means you save even more money & your loan funds faster.

This product is only for consumers who:

  1. Have a current FHA Loan.
  2. Could benefit from getting a lower interest rate loan that's government insured.
  3. Could use some easier qualification and credit standards in order to get approved.
  4. If you owe more on your home than what the market says it's worth. (for those upside down on their mortgage)
  5. Could use limited documentation requirements to qualify.
  6. Can prepay this type of mortgage off at any time without any prepayment penalties.
  7. May need an adjustable rate 5 year loan with the security of a FHA product.
  8. Choose from a 30 or 15 year fixed rate term.

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