The streamline assist refinance is a special refinance program only available to USDA borrowers. It was recently developed by the USDA and is strictly regulated. It can only be performed by a USDA approved lender. The streamline assists Refinance is designed to lower your mortgage payment when interest rates drop. As a direct lender, Oceanside Mortgage can offer interest rates and fees that are typically much lower than our competition.
As an added benefit, borrowers who opt for the streamline assist refinance are entitled to reduce their USDA Guaranty Fee to the lowest level permitted by the USDA since 2011. Loans issued after October 2016 qualify for a mortgage reduction of 0.15%.
The primary requirement to qualify for the streamline assist refinance is an on-time mortgage history. The USDA requires that all payment in the past year were paid within 30 days of their due date. You also must be employed, collecting disability or retired.
As a streamline refinance specialist, Oceanside Mortgage can offer several distinct advantages. First, we pay your third party closing costs. This means your loan amount will not increase unnecessarily. Oceanside does not require an appraisal for this program and we do not charge any application or lender fees.
Additionally, when you refinance with Oceanside, we will automatically add you to our streamline FastTrack program. With the FastTrack program, we will contact you each time rates drop so you can rest assured that you are always at the lowest possible rate.
Finally, since we focus on the streamline, we have greatly reduced the time and effort required to complete the process. We will not ask for documentation beyond the USDA requirements and will be able to close your loan in about a month. We have been in business for over 20 years and have an A+ rating with the BBB. We also have hundreds of 5 star reviews on Facebook, Google and Zillow.
Please contact a loan specialist today to prepare a complimentary savings analysis. In 5 minutes or less, we can determine if you qualify for the program and determine how much you are entitled to save. Call us today by clicking the button below, or call us at (800) 955-8965.
Oceanside Mortgage Company is a private corporation. Oceanside Mortgage Company is not acting on behalf or at the direction of HUD/FHA/VA/USDA or the Federal Government. By refinancing your existing loan, your total finance charges may be higher over the life of the loan. NMLS# 80015 Visit the Nationwide Mortgage Licensing System & Registry consumer access website for licensing information: www.nmlsconsumeraccess.org Website authorization by the New York State Department of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site