FHA Streamline Refinance Program Helps Colorado Homeowners even if they are Upside Down on Their Mortgage or have less than perfect credit

Struggling Colorado Homeowners now have real help available through the new FHA streamline refinance program.

The Colorado Mortgage Team is now offering a newly revamped FHA streamline refinance program aimed at enabling even the deepest underwater or upside down homeowners to reduce their payments and enjoy current record low mortgage rates.

The newly released FHA streamline mortgage no longer requires a home appraisal and offers superior savings in addition to many benefits, which Colorado homeowners may not even know exist.

Until the release of the FHA Streamline Refinance program, Colorado borrowers with FHA home loans have had limited opportunities to receive mortgage assistance.

In addition to incredibly low interest rates and massive savings over the life of your mortgage loan, streamlined refinances offer the following benefits:

  • Lower Mortgage Insurance (Recently reduced by .5%)

  • No appraisals required

  • ‘No-cost’ refinancing possible

  • Lower credit scores OK

  • No loan balance increase to cover loan costs

  • Can refinance even if ‘underwater’ or ‘upside down’

  • Reduced paperwork

The Federal Housing Administration (FHA) who insures these home loans actually has no minimum credit score requirement and requires no income verification, although each individual mortgage lender may have their own underwriting guidelines requiring a minimum credit score and additional income verification.

Still, what is really different about the new streamline program is the reduction of mortgage interest for those whose original loans were endorsed on or before January 26th, 2015.  This is when the .5% mortgage insurance drop took effect.  That coupled with near record low interest rates could mean substantial savings for you.


The Colorado Mortgage Team
Originating Through The Mortgage Network | NMLS 197135
7400 West Jefferson Ave #101 | Lakewood, CO 80235
Check NMLS License Here
Credit on approval. Terms subject to change without notice. Not a commitment to lend. 

Clinton Sistrunk
NMLS# 247658
Mortgage Engineer
Phone: 303-351-4409
Fax: 720-230-5488
Ben Swanson
NMLS# 22654
Production Manager
Phone: 303-653-3982
Fax: 720-230-5488
Chad M. Rogers
NMLS# 860930
Sr. Mortgage Advisor
Phone: 303-725-7385
Fax: 720-230-5488

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