The Federal Housing Administration (FHA) created the streamline program to help FHA homeowners lower their rate and payment more easily. You can change your loan term when you refinance with the streamline program. You can switch from an adjustable-rate to a fixed-rate loan, too.

To qualify for FHA streamline refinancing, you must have used an FHA loan to buy your home. You also need to receive a real benefit, which typically involves lowering your rate and saving on your monthly payments or interest costs.

You must have a history of making on-time loan payments and meet the occupancy and loan seasoning requirements. You’ll also need to pay closing costs, including mortgage insurance premiums.

You can get an FHA streamline refinance as many times as it makes financial sense for you. You must wait a minimum period of time between refinances, which is called “loan seasoning.” You’ll also need to meet a “net tangible benefit” requirement each time, which means you get a real benefit from refinancing.

The FHA rate we may be able to offer is personal to you. Your rate is affected by your credit score, your income and finances, the current mortgage market, and other factors.

We may be able to offer you a rate that is lower—or higher—than the rate you see advertised by other lenders. Ask us today what FHA rate we can offer you by calling 877-220-5533.

Get started on an FHA streamline in minutes by filling out our webform. We’ll work with you every step of the way to make refinancing your home simpler.