PennyMac Customers—It's Your Turn to Refinance
Apply for the FHA Streamline Refinance Program Today—Reduce Your Payments
Now is a great time for FHA borrowers to check with a PennyMac loan expert to see if you qualify for this improved FHA Streamline Refinance Program.
The FHA Streamline Refinance is the quickest, simplest way to refinance your mortgage—even if you are underwater. Here's why:
- No appraisal is necessary—we'll use the original purchase price, no matter what your home is worth today.
- Credit and documentation requirements are lower—no employment, income, or credit score verification.
- No out-of-pocket expense options are available to you (in exchange for a slightly higher rate than if you financed or paid the closing costs).
- No prepayment penalty is required if rates go lower and you wish to refinance in the future.
- Investment properties are ineligible.