FHA · STREAMLINE REFINANCE
Refinance your
FHA home loan.
Already have an FHA loan? A streamline refinance may offer a simpler route to a qualifying benefit, with less documentation than a standard refinance.
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- Less paperworkStreamlined documentation
- Appraisal flexibilityA new appraisal may not be required
- Refinance for a benefitExplore a lower rate or payment
BEFORE YOU GO FURTHER
Start with the
existing FHA loan.
A streamlined process still has specific rules. Confirm the loan, payment history and required benefit before comparing offers.
- 01
An existing FHA loan
FHA-to-FHA refinancing offers options with or without a credit review.
- 02
A tangible benefit
The refinance must meet FHA’s net tangible benefit test. A lower payment alone does not tell the whole story.
- 03
Costs worth comparing
Review closing costs, new mortgage insurance, the new term, and the time needed to recover costs.
KNOW WHERE YOU STAND
Loan details.
AT A GLANCE
FHA Streamline Refi
- Existing loan
- A current FHA-insured loan
- Cash back
- Generally limited to $500 incidental cash
- Seasoning baseline
- Six payments and at least 210 days after closing
- Appraisal
- FHA may not require a new appraisal
WHAT GETS REVIEWED
Your starting checklist.
- Current FHA loan and acceptable payment history
- Required payment and time seasoning
- A qualifying net tangible benefit
- Lender documentation and credit overlays
Worth considering
“Streamline” does not mean free. Closing costs and FHA mortgage insurance can still apply, and extending the term can increase total interest.
COMPARE YOUR PATHS
A simpler refinance,
or cash from equity?
THIS LOAN
FHA Streamline
- Existing FHA mortgage
- Qualifying payment or loan benefit
- Only limited incidental cash back
ANOTHER PATH
FHA Cash-out
- Eligible existing mortgage
- Access equity with a new FHA loan
- Full underwriting and appraisal
A THOUGHTFUL NEXT STEP
Rethink your mortgage.
Put today’s payment beside the full cost of a new loan.
FHA Streamline refinances an existing FHA-insured mortgage.
It can reduce documentation and may avoid a new appraisal, but the lender must establish a net tangible benefit and meet FHA rules.
How it works.
You set the goal. Explore your options and understand what you’ll need next.
- 01
Tell your story
Start with your goal, your property and how you earn.
- 02
Explore your options
Compare the loan features that fit your situation.
- 03
Review the details
Confirm eligibility, documents, rates and total costs.
- 04
Choose your next step
Proceed when the offer and numbers work for you.
A little more clarity
Common questions.
Clear answers to help you choose your next step.
Can I use Streamline for a conventional loan?
No. FHA Streamline is for an existing FHA-insured mortgage. Other refinance programs may be suitable for a conventional loan.
Can I take cash out?
No. An FHA Streamline refinance isn’t designed for cash out, apart from small adjustments at closing. If you want to use your equity, an FHA cash-out refinance may be a better fit.Draft, pending review
Is there a waiting period?
FHA requires seasoning, including at least six payments, six full months since the first payment due date, and at least 210 days since closing. We’ll check the detailed rules against your loan.
Does no appraisal mean no checks?
No. A new appraisal may not be needed, but your payment history, the existing FHA loan and the benefit of the refinance are still reviewed, and credit may be checked.Draft, pending review
Find out whether a refinance adds up.
Look at the benefit, the costs, and how long you plan to stay.
Apply Now