Better Home & Finance launches FHA Streamline Refinance product

Better Home & Finance Holding announced the launch of its FHA Streamline Refinance program. This fully digital refinance option is designed to streamline the process for qualified borrowers with an existing Federal Housing Administration FHA loan interested in lowering their monthly mortgage payment, reducing their interest rate, shortening their loan term, or getting out of an adjustable-rate mortgage. FHA loans, backed by the Federal Housing Administration, are specifically designed to assist borrowers who may not qualify for conventional loans due to lower credit scores, limited credit history, or higher debt-to-income and loan-to-value ratios. With potential interest rate reductions on the horizon, the FHA Streamline program empowers FHA borrowers to refinance their mortgage and take advantage of more favorable interest rate terms with ease by reducing underwriting requirements for income verifications and appraisals. “As we look ahead with optimism to a more favorable interest rate environment, we are enabling hardworking homeowners – each with their own unique path to upward financial mobility – to capitalize on advantageous loan terms with greater ease and convenience,” said Vishal Garg, CEO & Founder of Better.com. “With this launch, we are reducing the traditional barriers that exist for FHA borrowers and delivering flexible financing solutions at a timely moment for consumers across the country.”