FHA Streamline Refinance

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Lower Payments with Less Documentation

The FHA Streamline Refinance Program is a fast and easy way to lower your payments on anFHA mortgage. It's easier to qualify for an FHA Streamline Refinance because standard verifications are usually not required and credit guidelines are flexible. Another advantage of streamline refinancing is that a home appraisal may not be required.

Basic Guidelines for a Streamline Refinance:

  • The loan to be refinanced must be an FHA mortgage
  • Current mortgage payments cannot be delinquent
  • Refinancing must lower the principal and interest payments
  • The FHA loan balance cannot increase to cover closing costs

There may be an option available for a "no cost" FHA Streamline Refinance, which can include the closing costs by adjusting the mortgage rate to enable the lender to pay the costs. Ask your loanDepot mortgage banker. Streamline FHA mortgage quotes are available online or by phone.

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