Government
FHA Streamline Mortgages
Looking for a faster and easier way to refinance your existing FHA loan? An FHA Streamline mortgage from CMRE offers a simplified refinancing process with potentially lower interest rates and reduced paperwork. Take advantage of rates starting at 6.25% and potentially save money on your monthly mortgage payments.
Program Benefits
Simplified Refinancing Process: Enjoy a streamlined process with less paperwork and faster approval times.
No Appraisal Required in Many Cases: Skip the appraisal and save time and money.
Lower Interest Rates: Potentially reduce your interest rate and monthly mortgage payments with rates starting at 6.25%.
No Credit Score Requirement in Some Cases: Refinance even with a less-than-perfect credit score.
Reduced Documentation: Less income and asset verification needed compared to traditional refinancing.
Potential for Lower Monthly Payments: Free up cash flow with a lower monthly mortgage payment.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$50K - $2M
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Condo
Program Requirements
Income Documentation
- •Verifiable employment history.
- •Sufficient income to cover the new mortgage payment and other debts.
- •Stable income source.
Asset Verification
- •Sufficient assets to cover closing costs and any required reserves.
- •Verification of asset sources.
- •Assets typically not heavily scrutinized as this is a streamline product
Insurance & Title
- •Must maintain homeowner's insurance.
- •Flood insurance may be required depending on the property's location.
- •Mortgage insurance is typically required for FHA loans.
Property Requirements
- •Minimum FICO score of 580.
- •Responsible credit history.
- •Limited credit check compared to traditional refinancing options.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
In many cases, an appraisal is not required for an FHA Streamline refinance. However, the lender may request one in certain situations.
While FHA Streamline loans can sometimes have relaxed credit requirements, CMRE requires a minimum FICO score of 580.
No, FHA Streamline refinances are designed to lower your interest rate and monthly payment, not to provide cash out.
The closing process for an FHA Streamline loan is typically faster than a traditional refinance, often taking between 30 to 45 days.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
