American Bank - Lutherville Branch

What is a Streamline Refinance?

The FHA Streamline is a special refinance program that was designed by the Federal Housing Administration (FHA) in the early 1980's. The FHA streamline program allows existing FHA borrowers to take advantage of lower rates, when available, without many of the traditionally underwriting requirements. FHA streamline refinance transactions are still subject to the same title fees, closing costs and other typcal costs associated with a refinance, unless the lender makes other exceptions.

American Bank may be able use the FHA streamline program to help you lower your mortgage payment AND give you a CREDIT to cover your title and transfer costs. What makes our FHA streamline different? You could essentially qualify for a lower mortgage payment and maintain virtually the same loan balance. The best part is that the entire process is SIMPLE and FAST! Unlike most mortgage transaction, the FHA streamline has minimal steps, minimal requirements and usually NO APPRAISAL. You may be able to complete the entire process without leaving your home. See if your loan qualifies for a FHA streamline interest rate reduction today!

There are THREE (3) SIMPLE STEPS to get started.

1. Grab a Mortgage Statement - It does not have to be the most recent. Having this on hand will allow us to provide you with the most accurate savings information. If you do not have a coupon or statement, call anyway, our staff may have your information on file.
2. Check Your Eligibility - There are countless people with FHA loans that are eligible for lower their mortgage payments, but never act on opportunities. FHA streamline rate reductions are very time-sensitive. Unlike traditional refinances, a market shift could potentially prevent you from participating and cost you a lower mortgage payment. CLICK HERE to see if your loan qualifies for a payment reduction with a title fee credit.
3. Determine the Benefit - When you call, a knowledgeable Mortgage Payment Reduction Specialists will will briefly explain your eligibility and the process. You will learn how much we can reduce your payment and we will explain how we can give you a credit for your title and closing costs, so your balance can virtually stay the same. Calling for information does not obligate you in any way.

Start Now - Check Your Eligibility

Option #1 - Call us at 1-866-620-8787 No notification needed. Just call our office and we can explain everything in detail. When you call, you are under no obligation and no pressure.
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Option #2 - Click-to-Talk with us now! Click the link and enter the number that you can be reached at right now. You will be connected with a Mortgage Reduction Specialist.
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Option #3 - Check eligibility online. If you are computer savvy, you can check your eligibility online by using the REFERENCE NUMBER on your notification. You will need your notification to use the online service.
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Option #4 - Send Us Your Information Would you prefer that we contact you and help you enroll? If so, we are happy to assist you. Simple CLICK_HERE and you can forward us your contact information. We will contact you shortly afterwards. For immediate assistance, use the CLICK_TO_CALL option.