FHA Streamline

FHA Streamline


Effective on or after April 18, 2011, FHA no longer requires employment and income verification on streamline refinance loans.

  • No minimum credit score to qualify
  • No credit report required
  • No income verification
  • No appraisal required

FHA changed it's streamline requirements and in order to qualify for a streamline FHA requires you to complete a mortgage application to begin the process. If you currently have an FHA mortgage and want to refinance FHA allows you to refinance:

  • No mortgage late payments last 12 months
  • Collection accounts do not have to be paid off
  • No minimum credit score to qualify
  • No employment verification
  • No credit report required
  • No income verification
  • No appraisal required
  • No asset verification
  • No cost qualify
  • FHA loan limits

New FHA guidelines changes

A borrower is eligible for a streamline refinance without credit qualifying if they has owned the property for at least six months. Individuals may be deleted from the title on a streamline refinance if the remaining owner-occupant can demonstrate that he/she has made the mortgage payments during this time.

To qualify for a streamline refinance there must be a net tangible benefit to the homeowner. Net tangible benefit is defined as a 5% reduction to the principal and interest (P&I) of the mortgage payment plus the annual mortgage insurance premium (MIP) or refinancing from an Adjustable Rate Mortgage (ARM) to a fixed rate mortgage.

  • the borrower must have made at least six payments on the FHA-insured
  • mortgage being refinanced at least six full months must have passed since the first payment due date of the refinanced mortgage
  • at least 210 days must have passed from the closing date of the mortgage being refinanced

FHA refinances are designed to lower the monthly principal and interest payments on a current FHA-insured mortgage. The new loan must involve no cash back to the borrower, except for minor adjustments at closing, not to exceed $500.

New FHA Streamline guidelines

Effective with case numbers assigned on or after April 18, 2011, FHA no longer requires lenders to certify employment and income on streamline refinance transactions.

No-cost refinances, in which the lender charges a premium interest rate to defray the borrower’s closing costs and/or prepaid items, are permitted.

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FHA Streamline


To qualify for a FHA streamline refinance your current mortgage must be a FHA mortgage


There are no minimum credit scores required to qualify for a streamline refinance

No credit score required


No Appraisal Required

There is no appraisal required to qualify for a streamline refinance

No appraisal required


No income verification

We don't verify your income 

No income verified


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