FHA Streamline Refinance
- Home
- Loan Options
- FHA
- FHA Streamline
FHA Streamline Refinance
With a FHA streamline refinance, you can refinance your existing loan for a lower rate. No appraisal or income verification is needed.
Reasons to Refinance your FHA loan
FHA Streamline refinances are one of the simplest and fastest ways to lower your monthly mortgage payment with minimal paperwork, no income verification, no appraisal in most cases, and relaxed credit requirements. This makes it incredibly easy and cost-effective for existing FHA borrowers to take advantage of lower interest rates, saving thousands over the life of the loan without the usual hassle of a traditional refinance.
Benefits of an FHA Streamline refinance
Apply for a FHA Streamline Refinance
You must have an existing FHA loan, be current on your payments and have made at least 6 monthly payments on your current loan. The refinance must lower your interest rate by at least 1/2%
No—it's limited to rate-and-term only, with a maximum of $500 in incidental cash back allowed. It's not a cash-out refinance.
No - you can fund your loan with Scout Advisors if you used another loan officer to buy the home
No - we work with lenders that offer no credit check options. However, if your score is a 620 or better we can secure better rates than the no credit check option
