In the past, you may have been told that refinancing doesn’t make sense; a few things have changed… Starting June 11, 2012 The Federal Housing Administration (FHA) will lower mortgage insurance premiums, making it easier for borrowers to take advantage of record low rates. This means that you may qualify to refinance your mortgage and save money each month!

Under this program, up-front mortgage insurance premiums and annual fees will be reduced for FHA loans endorsed before June 1, 2009. Anything endorsed after that date would not qualify for this program. That’s why McCue Mortgage recommends this program for loans closed before May 1, 2009. Typically, this would allow enough time for an FHA endorsement to take place. There are, however, instances where endorsements have taken longer. We can check that for you if you’re not sure. Don’t worry if you don’t fit the guidelines, you may qualify for another program, so don’t hesitate to contact us with questions.

The FHA refinance program is available to borrowers who are current on their payments and simplifies the process by eliminating the need for an appraisal and reducing property restrictions.

Here is what you need to qualify…

  • Current mortgage must be up to date on payments
  • Must hold an FHA Insured Loan
  • No missed payments in the past 12 months
  • FHA loan closed before May 2009
  • Must be currently employed (self-employed allowed)
  • 680 credit score

(Qualifiers are based on FHA program guidelines, final approval based on application results)

If you feel you are eligible for an FHA Streamline Refinance fill out our short questionnaire below and a Licensed Mortgage Loan Originator will contact you. If you want to get started ASAP then call 1-800-382-0017 right now to learn more! View our Hours of Operation. Do you already know a licensed originator at McCue Mortgage? If so, find them here.

*Please only fill out the form below if your mortgage in question is FHA insured. For other refinance opportunities, please contact us here.

First Name *

Last Name *

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Phone Number *

Street Address *

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Loan Number

Number of Months of Assistance Requested *

By selecting “Yes” below, I am claiming I have personally been impacted by the COVID-19 pandemic and am requesting assistance with my monthly mortgage payments. I understand that depending on my loan status, I may be granted a forbearance of payment after review by McCue Mortgage. *