FHA Streamline Refinance

Lower Your FHA Loan Rate with Less Paperwork, Faster Closing

If you have an FHA loan, the FHA Streamline Refinance is the quickest way to reduce your rate with minimal documentation.

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What Is an FHA Streamline Refinance?

An FHA Streamline Refinance is designed specifically for homeowners who already have an FHA loan. It's called "streamline" because it requires less documentation and faster processing than a standard refinance.

Key features:

No appraisal required (in most cases)
No income verification required
No credit check required (credit-qualifying option available)
Faster processing
Lower rates

The goal: Lower your interest rate and monthly payment as quickly and easily as possible.

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Why FHA Streamline Is the Easiest Option

No Appraisal Required

In most cases, you won't need a new appraisal, saving time and money.

Minimal Documentation

No income docs, no employment verification. Just basic information.

No Credit Check (Non-Credit Option)

If you choose the non-credit qualifying option, no credit check is required.

Lower Monthly Payment

Reduce your rate and payment without the hassle of a full refinance.

Fast Closing

Close in as little as 30 days (faster than standard refinances).

Roll Costs Into Loan

You can finance closing costs into your new loan amount.

Who Qualifies for FHA Streamline?

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You Must Have an FHA Loan

This is only for refinancing existing FHA loans.

Seasoning Requirements

Your loan must be at least 210 days old, and you must have made at least 6 payments.

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Payment History

No more than one 30-day late payment in the past 12 months.

Owner-Occupied

Must be your primary residence (no investment properties).

Net Tangible Benefit

The refinance must provide a clear benefit (lower rate or payment).

Upfront MIP

You'll pay a new upfront mortgage insurance premium (1.75% of loan, can be rolled in).

The FHA Streamline Process

Step 1

Check Your Rate

5 minutes. See what rate you qualify for today.

Step 2

Choose Your Option

Credit or Non-Credit Qualifying
Non-credit = no credit check, but you pay your current rate. Credit-qualifying = credit check, potentially better rate.

Step 3

Lock Your Rate

When ready. Protect against rate increases while we process.

Step 4

Minimal Processing

2-3 weeks. No appraisal or income docs needed in most cases.

Step 5

Close Fast

20-30 days. Sign and start saving immediately.

Two FHA Streamline Options

Non-Credit Qualifying

No credit check
Fastest option with minimal documentation
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Requirements:

Current on mortgage (no 30-day lates in 12 months)
No income/employment verification
No appraisal

Best for: Borrowers who want speed and simplicity

Credit-Qualifying

Includes credit check
May qualify for better rates

Requirements:

Credit check and minimum score
Income/employment verification
No appraisal (usually)

Best for: Borrowers with improved credit who want the best rate

Is FHA Streamline Right for You?

Good fit if:

You have an existing FHA loan
Rates have dropped 0.5%+ since you bought
You've made at least 6 payments
You're current on your mortgage
You want minimal paperwork and fast closing

Not a good fit if:

You want to cash out equity (use FHA cash-out instead)
You're behind on payments
You want to remove FHA mortgage insurance (refinance to conventional instead)
Your rate hasn't improved enough to justify costs

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FHA Streamline Questions

No. Streamline refis keep your MIP. To remove it, you'd need to refinance to conventional with 20%+ equity.

Usually no, unless the lender requires one in specific cases.

Yes, as long as each refinance provides a net tangible benefit and you meet requirements.

FHA requires a minimum benefit: either lower rate by 0.5%+ or lower payment by at least 5%.

Yes, but this may require more documentation.

Doesn't matter. No appraisal means home value isn't a factor (unless lender requires one).

Lower Your FHA Payment Fast

Check your rate and see how much you could save with an FHA Streamline Refinance.