With the Federal Housing Administration offering a Streamline Refinance program, the opportunity for businesses to acquire FHA Streamline leads from various sources has never been greater.
Regardless of the size of your business, you can take advantage of finding more leads of individuals and organizations that can benefit from the Streamline Refinance option. Even individual brokers in need of referrals for a company they are associated with can take advantage of a list of potential clients.
Lead generation can be a daunting task especially when you scour for homeowners on your own. You may probably find a few possible borrowers through personal efforts, but there is no option for you to have the leads verified unless you contact them. With professional lead generation, you are assured that the information provided has been verified. This means you can already contact the leads and make an offer.
FHA Streamline leads can be obtained from organizations whose expertise is in acquiring leads for possible Streamline loan applicants. The lists feature existing FHA loan grantees in good payment standing and have reached the six months period. These individuals and groups of home owners may or may not have shown interest in the Streamline Refinance program yet. Everyone who has not been presented with the benefits of the FHA Streamline Refinancing will certainly be enticed to do so.
FHA Streamline Refinance Program
The FHA Streamline Refinance program allows everyone with existing FHA loans to apply for the option to be granted reduced interest rates and lower payment amount per month. Under one of the programs, the closing cost is even covered. When it comes to the whole application process, it will be easy. There are no paper works involved. Neither is there any need for credit checks, appraisals (in one of the two programs only), and verification of employment or income status.
Two Programs of the FHA Streamline Refinance
There are two programs you can offer your gathered leads with. One of which is available as a complete no-cost option for the borrower. The same advantages as mentioned above are offered. Appraisal is only necessary if the home owner does not currently live at the property in question. The other program requires appraisal and is applicable for homes with enough equity. Here, the closing costs will be free for them.
You can start offering these options once you have gathered a sufficient number of FHA Streamline leads and have formulated a strategy for presentation.
Thanks for reading! Dameri and Trexler, a realtor El Dorado Hills California agency made this post possible.