The USDA Rural Development recently announced a new streamline refinance for home owners that have currently have USDA loans here in Florida. New refinance USDA Rural Home loan will be great for Homeowners that could not refi in the past due to negative or lack of equity. This new USDA refinance mortgage program ( officially called “Pilot Program”) will provide big relief. The new program will permit homeowners in selected states ( FLA included) to refi into historic low interest rates, regardless of the loan–to-value or how much they owe on their home!
No appraisal is needed, No new home inspection, just a solid 12-month mortgage payment history with no late payments. The documentation process is also streamlined and reduced significantly. Nearly everyone knows that interest rates are currently the lowest they have ever been. If you have a USDA loan, and a rate over 5.5%, you should consider a refinance to see how much you can save each month. Click the link here to learn more about the USDA RD Pilot refinance in Florida.
Are you a homeowner that has an FHA mortgage? Click here to learn about the FHA streamline refinance in FL.
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