Lower Your FHA Payment

Without the Headache

If you already have an FHA loan, an FHA Streamline Refinance may let you lower your payment with fewer docs and often no appraisal.

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What is an FHA Streamline Refinance?

An FHA Streamline is a refinance option for homeowners who already have an FHA loan. It’s designed to improve your loan terms, usually by lowering your payment, without re-qualifying your entire financial life.

You’ve already proven you can pay an FHA loan. This program upgrades the loan, not your life’s paperwork. LOL

Requirements for FHA Streamline Refinance

Already have an FHA Home Loan

The FHA Streamline Refinance is only for homeowners with an existing FHA Mortgage.

Confirm real loan savings or improvement

FHA requires a “net tangible benefit,” meaning the new loan must clearly improve your situation. Think lower interest rate, better terms, or lower payment.

In most cases, income docs and appraisals are not required.

Close with less friction

  • You currently have an FHA loan

  • Your mortgage payments have been on time

  • You want a lower payment or better loan structure

  • You prefer a simpler refinance process

Who this is best for?

We’ll confirm eligibility and savings before you move forward.

  • This program is exclusively for existing FHA homeowners.

  • FHA requires the refinance to clearly improve your payment or loan terms.

  • This is designed to improve the loan — not pull equity out.

  • Recent on-time mortgage payments are a key approval factor.

What about FHA mortgage insurance?

FHA loans include mortgage insurance. With a streamline refinance, mortgage insurance typically remains, but the cost and structure may change depending on when you got your current FHA loan.

What can change?

  • Upfront mortgage insurance is often reduced

  • Monthly mortgage insurance may differ

  • The goal is still lower overall payment

See my exact payment breakdown →

Current FHA Loan

  • Rate: 7.25%

  • Est. payment: $2,450/mo

  • MI: $210

After Streamline

  • Rate: 5.99%

  • Est. payment: $2,180/mo

  • MI: $160

Estimated Savings: $270/month

Example only. Actual savings depend on loan terms and market conditions.

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  • In many cases, no. FHA Streamline Refinances are often completed without an appraisal because the focus is improving the loan, not re-valuing the home. Some situations may still require one, but many do not.

  • Typically, no income documentation is required. Because this program is designed for borrowers who already have an FHA loan, approval is usually based on your existing mortgage payment history rather than new income verification.

  • Possibly, yes. Credit score requirements are often more flexible than a traditional refinance. What matters most is on-time mortgage payment history, not perfect credit.

  • FHA Streamline Refinances are usually faster than traditional refinances. Many close in 2–3 weeks, depending on lender requirements and how quickly disclosures are completed.

  • You generally must:

    • Make at least 6 payments on your current FHA loan, and

    • Wait 210 days from your original closing date

    Once those requirements are met, you may be eligible if the refinance provides a real benefit.

Frequently Asked Questions