Interest Rates for an FHA Streamline Refinance are based on your new loan amount and your credit score. For example, interest rates can vary between 3.25% for someone with a 780 Credit Score and 5.50% for someone with a 580 Credit Score.
Our goal with the “Zero Closing Cost” program is to save you at least 3/4% to 1% off your current FHA interest rate. Here’s an example of your potential payment savings per month:
• A $350,000 Loan goes from 4.75% to 3.75% (3.81% APR) Interest Rate = $204.86 SAVINGS / MONTH.
• A $450,000 Loan goes from 4.75% to 3.75% (3.81% APR) Interest Rate = $263.39 SAVINGS / MONTH.