There are now reduced rates and payment due to the low rates that are available on No cost Streamline loans. If you know of anybody with FHA loan with rates of 5.75 % and higher they can benefit with a No cost refinance.
Rates are in the 4.875-5% range right for this programs.
• No Income or Savings verification
• Must have had 6 months seasoning on current loan
• FHA– FHA refinances only
• No Appraisal needed (no equity needed)
• Both condo and SFR