Better Home & Finance Holding Company (NASDAQ: BETR), also known as Better.com, has rolled out its FHA Streamline Refinance program.
According to the New York City-headquartered company, the product 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. Eligibility for the FHA Streamline Refinance program requires that the existing FHA loan is current, and insured, and the property is a primary residence that is not listed for sale.
“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 and 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.”
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