The FHA Streamline Refinance is an option for homeowners looking to lower the interest rate and monthly payments on their existing FHA mortgage. This lets borrowers refinance with a process that is streamlined to cut down on the time and effort spent.

FHA Mortgage Loan Rates

October 21, 2018
FHA Rates for October 21, 2018
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

Streamline Refinance

Related Terms: FHA Streamline, Streamline Refi
​The FHA Streamline Refinance is an option for homeowners looking to lower the interest rate and monthly payments on their existing FHA mortgage. This lets borrowers refinance with a process that is “streamlined” to cut down on the time and effort spent.
Streamline Refinance
This opportunity is only available for those who are already financing their home with an FHA loan. By making monthly payments on your current mortgage, you've already demonstrated your creditworthiness to lenders, and you don't need to calculate a debt-to-income ratio once again for the Streamline refi. There is no income verification, no need for an appraisal, and less paperwork, which makes it very attractive for borrowers who want a lower interest rate on their mortgage, without all the hassle.

There are, however, some requirements for this type of refinance. You must be current on your monthly payments, and must have had your existing mortgage for at least 210 days. Late payments can count against you, but exceptions can be made in some cases. There must also be a Net Tangible Benefit; the FHA requires that the refinance results in a lower interest rate that offers the borrower a benefit of more than a set, minimum amount. The criteria for the Net Tangible Benefit varies according to the type of loan you currently have, what type of loan you’re refinancing to, and the length of the term current and new terms. 

FREE CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!