USDA Streamlined-Assist Refinance

USDA Streamlined-Assist Refinance

The USDA Streamlined-Assist Refinance is an available loan program  that allows homeowners with an  existing USDA mortgage to take advantage of lower interest rates and reduce their monthly payment.

As a USDA approved lender, we offer this program and in today’s video I will discuss the details and explain who is eligible for the USDA Streamlined-Assist Refinance program.

What are the qualifying criteria and benefits?

#1 You must already have an existing USDA mortgage to be eligible for consideration
#2 You may not have any late payments within the past 12 months
• This would be considered anything that is reporting as a 30 day delinquency during the past 12 months
#3 Total family household income must meet current USDA income eligibility requirements
#4 There is no appraisal required
#5 This is a Fixed Rate Program with NO prepayment penalties and a 30 year term

What are the costs?
1. Since there is no appraisal requirement, there are NO appraisal or inspection fees
2. We do not charge application fees
3. The USDA Streamlined Assist Refinance program allows for you to finance eligible closing costs, thus saving money and large out of pocket expenses.

GET MORE INSIGHTS

More ProTips from USDA Loan Pro:

Subscribe on YouTube: 

Website: 

Facebook: 

Twitter: