FHA Streamline Refinance | Lower Rates, No Appraisal

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See if you qualify for an FHA Streamline Refinance that could lower your monthly mortgage payment.

Around 20-day closing

No appraisal required

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See How an FHA Streamline Refinance Could Help Lower your Monthly Payment

The FHA Streamline Refinance program is designed to help eligible FHA homeowners refinance with fewer requirements than a traditional refinance. If you qualify, you may be able to lower your interest rate and monthly mortgage payment through a faster, more streamlined process.

Unlike a traditional refinance, an FHA Streamline Refinance may not require a new appraisal and typically involves limited income and asset documentation, making it easier to explore your refinancing options.

Why Homeowners Choose an FHA Streamline Refinance

Lower Your Interest Rate

A lower payment could put more money back in your pocket.

Skip the Appraisal

No appraisal required in many eligible transactions.

Keep It Simple

Less paperwork means less hassle.

Fast Process

Close in approximately 20 days.

Pay Less Upfront

No out-of-pocket refinance costs may be available.*

Is a FHA Streamline Refinance Right for you?

You May Be Eligible If...

Currently have an FHA loan
Have an interest rate around 6.00% or higher
Are current on your mortgage payments
You meet FHA Streamline program requirements

Not sure if you qualify? That's okay. We'll review your loan and walk you through your options.

See If I Qualify

How Is It Different From a Traditional Refinance?

FHA standard

Minimum down payment 3.5%
Credit score 580+
Max loan $541, 827
(Single home in low-cost areas)
Or $1,249,125
(Single home in high-cost areas)
Or $1,873,675
(Single home in special high-cost areas)
Purchase or rate & term refinance
Verification of income to meet minimum debt to income requirements and/or automated underwriting approval

FHA 203K & 203K streamline

Minimum down payment 3.5%
Credit score 680+
Max loan $541, 827
(Single home in low-cost areas)
Or $1,249,125
(Single home in high-cost areas)
Or $1,873,675
(Single home in special high-cost areas)
Purchase or refinance
Verification of income to meet minimum debt to income requirements and/or automated underwriting approval
Streamlinemax renovation costs $35K

Ready to Explore Your Refinancing Options?

An FHA Streamline Refinance could help you lower your monthly payment through a simpler refinancing process.

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Frequently Asked Questions

What is an FHA Streamline Refinance?

An FHA Streamline Refinance is a simplified refinancing option available to homeowners with an existing FHA loan. It was designed to reduce paperwork and make refinancing faster than a traditional refinance.

Will I need a new appraisal?

In many cases, no. One of the benefits of the FHA Streamline program is that a new appraisal often isn't required.

How long does refinancing take?

While every loan is different, many FHA Streamline refinances close in approximately 20 days.

Will I need to verify my income?

Compared to a traditional refinance, income and asset documentation is often limited.

How do I know if I'm eligible?

Our team can review your current FHA loan and help determine whether an FHA Streamline Refinance is right for you.

Get Started Today

See If You Qualify

Fill out the form and one of our mortgage experts will contact you to discuss your refinancing options.

info@simplypmg.com

(888) 401 4469

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