Many people who currently have their mortgage with Citibank are searching for more information about the FHA streamline refinance program because Citibank does a decent job of marketing the program to their customers who currently have FHA loans.
So the first question is: “Is there really a Citibank FHA streamline refinance program?”
And the answer is: yes.
Citibank is one of the many lenders who offers the FHA streamline refinance – but the important thing to know is that there are plenty of other lenders who can help you with the FHA streamline refinance program regardless whether your current loan is with Citibank or not.
The FHA streamline refinance program is designed to allow people who are currently in an FHA loan to refinance and get a lower interest rate when rates are lower than when they first got their loan.
Citibank FHA Streamline Refinance Program
Regardless whether you go with Citibank or another lender to help you with the FHA streamline refinance, the qualifying criteria is largely the same between lenders. There may be some slight differences, but mostly you can expect most of the bigger lenders to have the same basic criteria when it comes to late payments, income and appraisal issues.
Regardless of whether or not you have late payments or good or bad credit – when it comes to the FHA streamline refinance program, one thing is certain:
Shop multiple lenders.
When you shop at least a small handful of lenders who can help you with the FHA streamline refinance program, you will help yourself get the best deal on your new home loan.
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.