FHA Streamline Refinance

Introduction

An FHA streamline refinance simplifies refinancing for existing FHA borrowers. It typically requires minimal documentation, no appraisal, and may not require a credit check. See Streamline Refinance Explained, What Is an FHA Loan, and Can You Refinance with Bad Credit.

Frequently Asked Questions

What is an FHA streamline refinance?

An FHA streamline refinance is a simplified refinance for existing FHA borrowers. It typically requires minimal documentation, no appraisal, and no credit check in many cases.

Who qualifies?

You must have an existing FHA loan and be current on payments. The refinance must provide a net tangible benefit (e.g., lower payment, lower rate, or shorter term).

Is there a credit check?

Credit-qualified streamline may require a credit check. Non-credit-qualified streamline may not. Check with your lender for current FHA requirements.

Can I get cash out?

FHA streamline is typically rate-and-term only—no cash out. For cash out, you would need a standard FHA refinance.