If I have a ARM mortgage for 3 years at 4.5 percent that is FHA backed can I streamline to 5.25% 30 year fixed?

I want to refi but I am not sure if I am allowed to streamline into a higher rate? I want to do this so that I can lock into a rate before my ARM adjusts when the 3 years are complete

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    2 Responses to “If I have a ARM mortgage for 3 years at 4.5 percent that is FHA backed can I streamline to 5.25% 30 year fixed?”

    1. Ryan M says:

      You need to review the terms of your mortgage to see what is “allowed”.

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