FHA Streamline Refinance

Overview

An FHA Streamline Refinance lets homeowners with an existing FHA loan refinance into a new FHA loan with less paperwork, often with no appraisal and reduced income documentation, as long as the refinance gives a clear benefit like a lower payment.

Ideal For

Homeowners who already have an FHA loan and want a lower rate or payment.

Program Highlights

• ✓Must currently have an FHA-insured mortgage
• ✓Often no appraisal and reduced income documentation
• ✓Must show a net tangible benefit, such as a lower payment
• ✓Recent on-time payment history required