Kentucky USDA Rural Housing Streamline Refinance Guidelines and Rates
How does a Kentucky USDA streamline mortgage refinance work? Streamline means you don't have to do a lot of things usually required for a regular mortgage transaction, and is is faster than with most types of refinances. You usually don't need to get an appraisal, and in some cases, you don't even need to show your credit score or debt-to-income ratio, income documents, like paystubs, bank statements, tax returns etc. You have two options in regards to a streamline refinance: your USDA refinance, you have two options: a USDA streamline refinance and USDA streamlined assist refinance. They are both tools for refinancing from one USDA mortgage into a new one, and in most cases, neither requires an appraisal. But there are some key differences between the two. You can do either type of refinance if you have a USDA direct loan (one straight from the USDA) or a USDA guaranteed loan (one you got from a private lender that's backed by the USDA). You shouldn't n...