FHA Streamline Refinance

Do I Qualify For an FHA Streamline?

Ask yourself 2 questions:

Do I have a job that will continue into the indefinite future?

Am I current with my mortgage payments?

If you answered yes to those two questions it is highly possible you qualify for an FHA streamline refinance. Of course you must have an existing FHA home loan, too.

This type of refinance was developed about 25 years ago when interest rates were coming down out of the high double digits in an effort to allow them to refinance to a new lower rate without all of the qualifications required for a standard FHA home loan. The reason it is called a streamline refinance is because, as a general rule, it does not require nearly as many points of qualification.