FHA Streamline Refinance

Looking to refinance an FHA loan quickly? The FHA Streamline Refinance offers a quick closing with minimal documentation. This program was specifically designed to help homeowner’s lower monthly mortgage payments and interest rates without the need for an appraisal.

In order to qualify for an FHA Streamline loan, the following requirements must be met:

• The current mortgage looking to be refinanced must already be FHA insured and must be current (not delinquent)
• The refinance results in a lowering of the borrower’s monthly principal and interest payments, or, under certain circumstances, the conversion of an adjustable rate mortgage (ARM) to a fixed-rate mortgage
• No cash may be taken out on mortgages refinanced using the streamline refinance process