Quantcast

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.

FHA Mortgage Loan Rates

August 20, 2019
FHA Rates for August 20, 2019
Compare 30 Year Fixed Mortgages
Compare 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

then
get
your

Your Credit Score

Do you know what's on
your credit report?
Get Credit Score Button
Get Credit Score Button
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.

NEXT:  Is There an FHA Military Mortgage?

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


GET STARTED

FHA Loan Articles and Mortgage News

FHA Home Loans: 20% Down Is Not Necessary

August 15, 2019 - Do you really have to make a 20% down payment to get into a home loan? Not with an FHA mortgage. FHA loan program down payment minimums are 3.5% for borrowers with FICO scores at 580 or better. So why do people assume 20% down is required to buy a home?

Compensating Factors for Home Loan Approval

August 13, 2019 - FHA home loan rules in HUD 4000.1 (the FHA Single Family Home Loan Handbook) say the lender can, under certain circumstances, use compensating factors in cases where the borrower’s other financial qualifications may be less ideal than others.

FHA Home Loan Rules You Should Know: Credit Checks

August 11, 2019 - Some borrowers don’t fully understand the home loan process, which can lead to disastrous results if you don’t understand the lender’s approach to credit checks and other loan underwriting procedures.

FHA Home Loan Rules: First-Time Home Buyers

August 9, 2019 - What are the FHA home loan rules for first-time home buyers? If that seems like a trick question to you, you’re on the right track. There are NO FHA home loan rules that pertain exclusively to first-time home buyers.

What Does Your Monthly FHA Mortgage Include?

August 8, 2019 - If you are in the planning stages for an FHA home loan, it’s important to begin budgeting for your home loan-related expenses including appraisal fees, home inspection fees, any required pest control, hazard insurance, and other costs.

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!