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Streamlining your FHA mortgage refers to a particular kind of refinancing plan. There are costs involved as in any refinancing, and an FHA mortgage must meet certain requirements before it can be streamlined. One of the most important of these requirements; your FHA mortgage must not be delinquent.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

Can I Streamline an FHA Loan?

FHA Common Question #16

Streamlining your FHA mortgage refers to a particular kind of refinancing plan. There are costs involved as in any refinancing, and an FHA mortgage must meet certain requirements before it can be streamlined. One of the most important of these requirements; your FHA mortgage must not be delinquent.

Timely payment is the key, as with any loan application. Your mortgage must also be currently insured by the FHA, and the purpose of the streamline refinance should be to lower your payments and monthly principal. Streamlining refers to a reduction in the amount of paperwork needed to accomplish the refinancing, and while some lenders advertise "no cost" FHA mortgage streamlining, be aware that this will incur a higher interest rate than if you had paid the closing costs up front.

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