Because we have incredibly low FHA rates and fast turn times!

One of the best advantages of FHA mortgages is that they have a streamlined refinance option.  A streamline FHA allows you to take advantage of today's rates, without all the hassle of a full document refinance.  Streamlined Refinances have two options.

The first option is a no appraisal option.  To do this option, your principal balance must stay the same, which is a good thing.  Closing costs can't be rolled in.  But right now, FHA rates are so low, we can often pay your closing costs, for a nominal bump in rate.  The second option allows you to roll in your closing costs, but you must have an appraisal.

Happily, almost all FHA Streamlines we do are the first option!  Our FHA rates are lower than most places, which gives us more room to cover your closing costs.

FHA Streamlines must give you a solid net tangible benefit, both by FHA guidelines and South Carolina law.  If you are refinancing a fixed rate mortgage, your payment for principal, interest and mortgage insurance must me 5% lower than the current payment.  Of you can refinance out of an adjustable rate mortgage, or even shorten your term!

In other words, if you are in line for an FHA Streamline Refinance, its hard to imagine why you wouldn't do it!