FHA Streamline Refinance
If you have a current FHA loan and are ready to lower your interest rate, an FHA Streamline Refinance is a quick, easy way to save. No appraisal and no credit qualifying. Lower your FHA rate without the time and paperwork of a traditional refinance and start saving today!
You can be Pre Approved by the end of the day!

No credit or income underwriting
No apprasial required
580 minimum credit score required
Quick, easy loan process
Popular FHA Streamline Refinance Loan Topics
Mortgage Rates for FHA Streamline Refinance Loans
Your mortgage rate is an important factor in your overall home payment and family budget. Our company is built to offer lower mortgage rates which will help make your home more affordable.
On average, our mortgage rates are .326% lower than the national average. This equates to $23,836 in life of loan interest savings. See details on rate savings calculation here.
Program Highlights

580 minimum credit score
Fixed Rates
Primary Residence only
No income or credit underwriting
Limited documentation required
Quick close
Frequently Asked Questions

FHA Streamlines are FHA refinances of an existing FHA loan into another FHA loan. As long as the payments have been made on time, and you have a 580+ credit score, you can lower your current rate.
What is an FHA Streamline?
Yes, you will have closing costs with an FHA Streamline, however, you will not need an appraisal, which will save you approximately $600.
Do FHA Streamlines have closing costs?
No, FHA Streamlines do not require an appraisal.
Do you need an appraisal for an FHA Streamline?
Most FHA Streamlines will be non-credit qualifying, meaning we do not require any income, debt ratio or credit underwriting, other than credit score and mortgage payment history.
A credit qualifying FHA streamline is required when one borrower is being removed from the loan. In that case, the remaining borrower's income, debt ratio and credit is reviewed.
What is the difference between non-credit qualifying and credit qualifying FHA Streamlines?
FHA Streamline Refinance
Overview
FHA Streamline is a special refinance program offered by HUD that allows current FHA borrowers the opportunity to refinance their current FHA loans into a new FHA mortgage without requiring an appraisal or in some cases, full underwriting.
FHA Streamlines are either non-credit qualifying or credit qualifying.
Non-Credit Qualifying FHA Streamlines do not require any income, debt ratio, or full credit underwriting. As long has your have paid your current FHA mortgage on time and have a 580 credit score, your streamline will be approved. Non-Credit Qualifying FHA Streamlines require that all borrowers from the current loan be on the new loan.
Credit Qualifying FHA Streamlines are used when a borrower from the current loan is being removed from the new loan. A full analysis of the credit report along with the borrower's income is required on a Credit Qualifying FHA Streamline.
What is the minimum credit score for an FHA Streamline?
You will need a credit score of 580 or higher for an FHA Streamline. You will also need to show that your current FHA mortgage payment has been paid on time for the most recent 12 months.
How much are the closing costs for an FHA Streamline?
You will pay normal closing costs on an FHA Streamline with the exception of the appraisal fee. You do not need an appraisal with an FHA Streamline.
Can I roll the closing costs into my new loan amount with an FHA Streamline?
FHA bases the maximum amount of the new mortgage on the current principal loan balance so you aren't typically able to roll in your closing costs. You can choose to pay your closing costs out of pocket or opt for a slightly higher rate with a No Closing Cost Refinance.
If you are required to bring funds to closing, keep in mind that your first payment on the loan won't be until the first of the following month. For example, if you close at the end of March, your first payment won't be until May 1. So if you have to bring funds to closing, keep in mind that you won't have a payment due right after closing.
What documentation do I need to provide for an FHA Streamline?
Really, not that much! We generally ask for a copy of your current mortgage statement, a copy of your ID, and if you are bringing funds to close, you will need to verify those funds with a bank statement if they are more than your new mortgage payment.
What happens to my current escrow account?
Your current escrow account will be refunded to you either 1) by a credit on your current loan payoff or 2) paid back to you in cash within 30 days after closing. If your current lender does not credit your escrow refund on your payoff, they have 20 days to issue your escrow refund check.
What is an MIP refund?
When you purchased your home with an FHA loan, you paid an Upfront Mortgage Insurance Premium (MIP). Depending on how long it has been since you closed, you may receive a proportional refund of that premium. This refund is not paid to you in cash, it is credited to you at closing to offset a portion of the new upfront MIP.
The amount of your MIP refund is determined by the number of months it has been since your initial closing.
What are the advantages of an FHA Streamline?
Quick, fast process to lower your current interest rate. An appraisal is not required and there are no credit or income underwriting.
What are the disadvantages of an FHA Streamline?
You won't be able to roll in closing costs and you can't get cash out. All borrowers from the previous loan will need to be on the new loan.


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