Better Home & Finance Holding Company (NASDAQ: BETR), commonly known as Better.com, has launched its FHA Streamline Refinance program, designed to simplify the refinancing process for qualified borrowers with existing Federal Housing Administration (FHA) loans. This fully digital option allows borrowers to lower their monthly mortgage payments, reduce interest rates, shorten loan terms, or transition out of adjustable-rate mortgages with ease.
FHA loans, backed by the Federal Housing Administration, help those with lower credit scores, limited credit history, or higher debt-to-income ratios. The FHA Streamline program enables these borrowers to take advantage of lower interest rates by reducing the need for income verifications and appraisals, making refinancing more accessible.
“As we anticipate a more favorable interest rate environment, we aim to help homeowners take advantage of better loan terms with greater convenience,” said Vishal Garg, CEO & Founder of Better.com. “By breaking down traditional barriers, we’re providing FHA borrowers with more flexibility and timely solutions.”
This new launch follows several other digital mortgage products from Better.com in 2024, including the One Day HELOC™, Home Equity Loans, and VA Loans. The company continues to expand its suite of homeownership solutions, catering to consumers across various market cycles.
