Ohio FHA Streamline Mortgage Program

Due to the recent popularity of FHA mortgages, many people living in Ohio are searching for more information on the Ohio FHA Streamline mortgage program that they have heard about. The FHA streamline mortgage program allows eligible FHA homeowners to take advantage of lower rates when they become available without having to completely re-qualify for a new loan.

Ohio FHA Streamline Program Highlights

• No income qualifications
• No asset documentation
• Possibly no appraisal required
• No credit score required (note: some lenders have started requiring credit scores, but not all)
• FHA fixed rates available
• Possibly defer a mortgage payment

Because interest rates are low and many homeowners now have FHA mortgage loans, the FHA streamline program is more popular than ever. There are many people who got their FHA loan a year ago and now that interest rates have went down can save possibly hundreds of dollars each month with the FHA streamline program.

If you live in Ohio and currently have an FHA loan, the FHA streamline mortgage program is worth the time to look into – because it is possible that it could help you save tens of thousands of dollars on your mortgage over the life of your mortgage if you time it right when rates are low.