What is trending right now in the mortgage business
1. FHA Streamline Refinance
Purpose:
Simplify refinancing for homeowners who already have an FHA loan — lowering their rate or switching from an ARM to a fixed rate with minimal paperwork and cost.
Key Features:
No income verification usually required
No appraisal required in most cases (uses the original home value)
Limited credit check — just to confirm good payment history
Must benefit financially (lower rate, lower payment, or move to a more stable loan)
Basic Rules:
You must already have an FHA-insured loan
No late payments in the past 12 months
At least 6 months must have passed since…
The skinny
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