Government Streamline Loans with Peoples Bank Mortgage

The U.S. government boasts several mortgage programs to assist homeowners in refinancing their current government-backed mortgages into loans with lower rates or shorter terms without all the hassles and costs of a typical mortgage.

VA Interest Rate Reduction Loan

This program helps veterans reduce the interest rate on their current VA loan. This loan has many benefits, including:

  • No appraisal is required in many cases
  • Reduced documentation requirements
  • Low rates and reduced monthly mortgage insurance costs
  • Expedited closings

FHA Streamline Mortgage

The FHA streamline loan helps borrowers reduce the interest rate on their current FHA mortgage. The benefits to this program include:

  • No appraisal or reduced cost appraisal in most circumstances
  • Minimal documentation requirements
  • Great rates and reduced monthly mortgage insurance costs
  • Quick closings — usually in as little as 2-3 weeks

USDA Streamline Mortgage

The USDA streamline loan helps borrowers refinance their current USDA loan by lowering their interest rate. The benefits of this program include:

  • Expedited Closings
  • No appraisal requirement in most instances
  • Reduced documentation
  • Great Rates
  • Low closing costs

To learn more about refinancing a conforming loan, contact us or give us a call today at (843) 606-6058.