Borrowers who currently have an FHA or VA mortgage can choose this refinance program. With no out-of-pocket costs, this government program may be the perfect solution for FHA and VA loan holders looking to lower their monthly payments, interest rate, and the cost of mortgage insurance.

Click Here to visit HUD's web site for more information about the FHA Streamline Program offered through iFreedom Direct.

The basic requirements of the government-sponsored streamline refinance program are:

• The mortgage to be refinanced must already be FHA or VA insured.
• The mortgage to be refinanced should be current (not delinquent) at the time of closing.
• The results of the refinance must lower the borrower's monthly principal and interest payments or lower the number of years left on the mortgage.

The Streamline program takes about 2-3 weeks to complete and also may allow you to skip sending in a check for your monthly mortgage payment.

Documents and information needed by iFreedom Direct to complete the Streamline program are:

1. "Note" (should have FHA case number in a box upper right corner) OR "Deed of Trust".  Either of those two documents will be found in the closing documents received when the home was purchased.
2. Copy of driver’s license for ALL borrowers on the mortgage

3. Authorization - Just write this sentence down on any piece of paper, "I authorize iFreedom Direct to obtain and verify all information needed to complete the Streamline program." Then have all borrowers on the mortgage sign their name under it and date it.

Documents can be faxed to iFreedom Direct toll-free at (866) 430-1909.

iFreedom Direct 's HUD-Approved ID is #7927200007

iFreedom Direct has helped thousands of FHA and VA loan holders lower their monthly payments, interest rates, and mortgage insurance over the years. iFreedom Direct has been a leader in the mortgage industry since its inception in 1985. In fact, iFreedom Direct funded over $4.4 billion dollars of loans in 2003 and was ranked the fifth largest government lender in the United States by Mortgage Banking Magazine.

To verify that iFreedom Direct is a HUD approved lender, just click here to visit HUD's own web site.