Rates as of: 07:20AM (EDT) on 5/26/2015
FHA Streamline Features
- Put your savings in first place! Save money with a lower rate and payment on your FHA loan.
- Race to closing with no appraisal, lower credit requirements, and limited documentation.
- Got an FHA loan with a rate higher than today’s rates? Owe more on your mortgage than your home is worth? Get in the driver’s seat of an FHA Streamline!
Find out more information at QuickenLoans.com
*Based upon total loans closed 1/01/2012 through 6/30/2013
Closed Client Surveys - See Details
Based upon a Quicken Loans market research questionnaire of clients whose loans closed between 1/1/2012 and 1/31/2013.
FHA Streamline: Rate is fixed. The payment on a $203,500, 30-year fixed rate loan at 3.50% and 70% loan-to-value (LTV) is $1045.98 with 2 Points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.30% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the 1.30% monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 4.377%.
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