FHA Streamline Refinancing

FHA homeowners may qualify for a no cost streamline mortgage refinance. The FHA offers "streamline financing" to help you refinance your mortgage without all of the paperwork, underwriting qualifications, appraisal, or time normally necessary when refinancing a home loan. The streamline refinance with FHA is a unique loan, because only borrowers who have a current FHA mortgage are eligible. When interest rates fall, the FHA streamline is the most popular option for government refinancing.

Get Approved Today for No Cost Refinancing from the Cost-Effective FHA Streamline

If you have a FHA home loan, then you may already be approved to refinance your mortgage with the streamline program. FHA streamlines are the quickest and most cost-effective FHA refinance program ever.

The "Streamline" was designed to help homeowners refinance with less costs and less hassles. You must already have an existing FHA loan to qualify for streamlining. Most borrowers really save money by refinancing into a lower interest rate loan! As the Fed continues to lower key mortgage rates, there may have never been a better time to replace your adjustable rate loan.

Refinance Your FHA Mortgage with a No Cost Streamline Loan from the FHA Experts

Do you have low credit scores? Historically, Government lenders have been more forgiving when underwriting loans for refinancing purposes. Learn more about bad credit mortgages.

3 Reasons Why the FHA Streamline is a Great Refinancing Opportunity

  1. Streamline rates are competitive with market conditions.
  2. Simple process with no income documentation being needed in most cases
  3. No penalty for early pay-off and no equity needed.

The basic requirements of a streamline refinance mortgages are:

  • The mortgage to be refinanced must already be FHA insured.
  • The existing FHA loan to be refinanced should be current (not late on any of the last 12 monthly payments).
  • The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
  • No cash may be taken out on mortgages refinanced using the FHA streamline refinance process.
FHA Home Mortgage Loans is ready to help you streamline your home loan and start saving money today!