Is there such a thing as the Bank of America FHA streamline refinance program?
Yes and no.
Yes, Bank of America helps people who currently have an FHA loan and are interested in the FHA streamline refinance program get more information as well as participate in the program if desired.
No, Bank of America is not the only lender who can help people with the FHA streamline program – in fact, chances are the more that you shop between lenders, the better of a deal you will get with the FHA streamline program.
Bank of America FHA Streamline Refinance Program
The FHA streamline refinance program at Bank of America has largely the same guidelines regardless of what lender you choose to go with. Some lenders will allow multiple late payments on your mortgage in the last 12 months, other lenders will not allow any late payments.
But one thing is certain – whether you have late payments or not in the last 12 months, if you speak with multiple lenders about the FHA streamline program and get quotes from multiple lenders, you will most likely end up with a lower rate and lower costs associated with the FHA streamline refinance.
Start now by speaking with multiple lenders regarding your FHA loan and what the FHA streamline refinance program can do for your monthly mortgage payment.