A streamline refinance is a loan program whose main purpose is to reduce your interest rate with very limited cash back at closing. Many times, you can do a streamline refinance with no appraisal and no assets needed! These are offered on USDA, FHA, and VA loans. Talk with one of our Mortgage Champions to see if a streamline refi is right for you!

The specific amount of your closing costs will be based on your loan amount and other factors. Here are the fees that are included in your closing costs.

• Third-party fees, including the appraisal fee, credit report fee, settlement/closing fee, survey fee, tax service fee, title insurance fee, flood certification fee, property insurance premium, and courier/mailing fee. Where applicable, these are fees that Leaders will collect and pass on to the party who performed the service.
• Property taxes and other unavoidable costs, including your state/local property taxes and recording fees.
• Lender fees, including mortgage points (if applicable), document preparation fees, and loan processing fees.

Your closing costs will be disclosed on the Loan Estimate and on the Closing Disclosure. With VA loans, closing expenses are capped and you have the option to negotiate seller concessions.

Yes!  We can roll your new VA funding fee and closing costs (including limited discount points to buy down your interest rate) as long as we do not exceed the maximum loan amount as determined by the VA.

Yes and No.  This will be determined by the type of streamline refinance you do.  But don’t worry, if you are not able to roll the closing costs into the loan, we may have a solution to help with those closing costs!  Talk with one of our Mortgage Champions to find out which solution is best for you!

Mortgage points offer homeowners the option to trade an up-front payment to reduce the interest rate for their mortgage. The cost of points is added to your closing costs. The benefit of buying points if you can afford it is that you will save money over the term of your mortgage thanks to a reduction in your interest rate.