Churchill Mortgage Increases Refinances by 540 Percent Through FHA Streamline Program, Helps Borrowers Save Thousands

BRENTWOOD, Tenn., Aug. 30, 2012 – Since the FHA Streamline Refinance incentive took effect in June 2011, Churchill Mortgage has realized a 540 percent increase in FHA refinance business. Churchill Mortgage is a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 26 states.

Under the FHA streamline refinance program with no cash out, most borrowers can refinance to lower mortgage rates without the need of an appraisal. Borrowers must have a current FHA loan and a good mortgage payment history to qualify. In March 2012, FHA expanded the reduced mortgage insurance premium program to include loans endorsed or insured prior to June 1, 2009. In response, Churchill began contacting customers to inform them of their refinance options, helping many save thousands of dollars.

According to Henry Rendleman, a borrower who purchased in 2009 and refinanced in 2011, “What we liked most about Churchill Mortgage is their willingness to work with homebuyers in the way the homebuyer prefers. If you want to be involved in every step and detail, you can. But if you prefer to let them handle it, they can do that too. Churchill truly makes you feel like you’re completely taken care of – and you are. Without hesitation, we would work with Churchill Mortgage again in the future.”

Russell Mosier, who also purchased and refinanced through Churchill Mortgage, said, “We are extremely pleased with Churchill Mortgage. In fact, this is our third time working with them and we would not hesitate to finance through Churchill again. They go above and beyond to make the process as easy as possible, and each time has been an absolute pleasure.”

“Combining the low mortgage insurance premiums offered through the FHA streamline refinance program with historical low interest rates, many borrowers like Henry and Russell have a perfect opportunity to save money,” said Mike Hardwick, president of Churchill Mortgage. “Committed to a consultative approach to lending and ensuring the right product for each borrower, we made it a priority to inform our customers of their options. In doing so, we’ve been able to save individuals and families thousands of dollars.”

To speak to a local Churchill representative, please call 1-888-562-6200.