The FHA Streamline Refinance program is a great refinance program if you have an existing FHA loan because it allows you to refinance – even if you owe more than your home is worth – with ease.

1. Refinance
F H A

2. What is an
FHA Streamline Refinance
The FHA refinance program is called a “Streamline
Refinance” because it reduces the amount of
documentation you are required to provide and it relaxes
the underwriting requirements.
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3. General FHA Streamline
Requirements:
Your mortgage must already be FHA insured.
Your mortgage should be current.
The streamline refinance must benefit you by
lowering your payments or converting from an
adjustable rate mortgage (ARM) to a fixed-rate.
No cash out is allowed.

4. What You Need
Things you need to comply before getting your
mortgage refinanced:
210-day “waiting period”
6 mortgage payments on existing FHA loan
Perfect 3-month payment history
Net Tangible Benefit or “Purpose”

5. What You Don’t Need
Loans backed by the FHA are known to be relatively
easy to qualify for because of these things borrowers
don’t need to undergo:
Employment Verification
Income Verification
Credit Score Verification
Appraisal

6. Finding the
Best FHA Lender
BestFHALender.com is a one-stop shop offering
useful information about FHA loans and enabling
customers to shop for multiple lenders.
Click here to learn more

7. Information Provided by
JUSTIN MCHOOD
He is Americas Mortgage Commentator and
has been providing Mortgage commentary for
over 10 years.

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