FHA Streamline Refinance

Lower Your
FHA Payment
The Easy Way.

No appraisal. No income verification. No hassle.

If you already have an FHA loan, the FHA Streamline is one of the simplest refinance programs available. Reduce your rate and monthly payment in as few as 21 days — with minimal paperwork.

Check My Savings - Free See How It Works
No Appraisal Required
No Income Docs
Close in 21 Days
FHA Streamline Rate Check See your new payment in minutes
Free

No credit pull required. A loan officer will contact you within 1 business day.

FDIC Equal Housing Lender No credit pull required. A licensed loan officer will reach out within 1 business day.
$0
Out-of-Pocket Closing Option
No
Appraisal in Most Cases
No
Income Verification Needed
21
Day Average Close Time
A+
BBB Rating
What Is It?

The FHA Streamline Explained

The FHA Streamline Refinance is a government-backed program that lets existing FHA borrowers refinance to a lower rate and payment — with significantly less paperwork than a traditional refinance.

Unlike conventional refinancing, you don't need to prove income, get a new appraisal, or go through a full underwrite. The government calls it a "streamline" for a reason — it's designed to be fast and straightforward.

Standard Refi FHA Streamline
Appraisal Required Usually Yes ✓ Usually No
Income Verification Yes ✓ Not Required
Employment Check Yes ✓ Not Required
Credit Review Full Review ✓ Simplified
Close Timeline 30–60 Days ✓ 21–30 Days
📉
Lower Your Interest Rate

The program's core purpose: get you to a meaningfully lower rate so your monthly payment drops right away.

🏠
No Appraisal in Most Cases

Your home's current market value doesn't matter — even if it's worth less than you owe, you can still refinance.

📋
Skip the Income Docs

No pay stubs, no tax returns, no W-2s. Your payment history is what matters, not your income statement.

💵
Finance Closing Costs

Roll closing costs and the FHA UFMIP into the loan so you don't need to bring cash to the table.

🔄
Reduce or Remove MIP

Depending on your original FHA loan date, you may see a significant reduction in your annual MIP rate.

Do You Qualify?

FHA Streamline Eligibility Requirements

The requirements are designed to be accessible. If you've been keeping up on your FHA loan, you likely qualify.

1
You Must Currently Have an FHA Loan

The FHA Streamline is exclusively for refinancing an existing FHA-insured mortgage. Conventional, VA, and USDA loans are not eligible.

2
Loan Must Be Current & In Good Standing

No 30-day late payments in the last 3 months, and no more than one late payment in the last 12 months.

3
Net Tangible Benefit Requirement

The refinance must provide a "net tangible benefit" — typically a combined rate and MIP reduction of at least 0.50% lower than your current rate.

4
Minimum 6 Months of Payments Made

You must have made at least 6 monthly payments on your current FHA loan before being eligible to streamline.

5
210 Days Since First Payment

At least 210 days must have passed since your first payment due date on the loan being refinanced.

📊 Credit Score Requirements

The FHA itself does not set a minimum credit score for a Streamline Refinance. However, individual lenders typically require a 580+ score. We work with borrowers across a range of credit profiles — let us check your options.

🔑 Can I Refinance a Rental Property?

Yes — as long as the property was originally your primary residence when you obtained the FHA loan. Many borrowers use this to refinance a former home they now rent out.

💡 FHA MIP Reduction

Depending on when your original FHA loan was opened, you may qualify for a lower annual MIP rate:

Loans opened before June 20090.55% Annual MIP
Loans opened June 2009 – Nov 2010Standard MIP Applies
Post-2023 FHA Loans0.55% Annual MIP
Savings Estimator

How Much Could You Save?

Enter your current loan details to see your estimated monthly and lifetime savings.

Your Current Loan

Your Estimated Results

Current Monthly P&I—
New Monthly P&I—
Monthly Payment Savings—
Annual Savings—
Total Lifetime SavingsOver remaining loan term
$0
⚠️ Note: This estimate reflects principal & interest only. Your actual savings may be higher if you also qualify for a reduced FHA mortgage insurance premium (MIP). Ask us about MIP reduction eligibility.
The Process

Closing in 4 Simple Steps

The FHA Streamline lives up to its name — less paperwork means less stress and faster closings.

1

Free Rate Review

We review your current FHA loan details, confirm eligibility, and show you exactly how much you'd save. Zero obligation.

Same Day
2

Submit Your Application

Complete a short, simplified application. Because there's no income verification, this goes much faster than a typical loan application.

Days 1–3
3

Fast-Track Processing

No appraisal means no waiting for a site visit. Underwriting moves quickly with the streamlined documentation requirements.

Days 4–14
4

Close & Start Saving

Sign your closing documents and your lower rate kicks in with your next billing cycle. That's it.

Days 15–21

📎 What Documents You'll Need

🪪
Government-Issued Photo IDDriver's license or passport
🏠
Current FHA Mortgage StatementShows your balance, rate, and loan number
🏡
Homeowners Insurance DeclarationCurrent policy showing coverage and premium
📋
Most Recent Property Tax StatementFor escrow account calculation
📄
12 Months of Mortgage Payment HistoryShowing consistent, on-time payments

What you do NOT need: Pay stubs, tax returns, W-2s, bank statements, employment verification, or an appraisal. The FHA Streamline intentionally eliminates these to make refinancing accessible for existing FHA borrowers.

Start My FHA Streamline
Common Questions

FHA Streamline FAQ

Everything you need to know before you apply.

Can I do an FHA Streamline if I'm underwater on my home?
+
Yes — this is one of the most powerful features of the FHA Streamline. Because no new appraisal is required in most cases, your current loan-to-value ratio doesn't matter. You can refinance even if you owe more than your home is worth.
Will I still have to pay FHA mortgage insurance?
+
Yes — FHA loans always carry mortgage insurance. However, if your original FHA loan predates June 2009, you may qualify for a significantly reduced annual MIP rate of 0.55%, which can add substantial savings on top of your rate reduction.
Can I get cash out with an FHA Streamline?
+
No. The FHA Streamline is for rate-and-term refinancing only — it does not allow cash out. If you want to access your home equity, an FHA Cash-Out Refinance would be the appropriate program.
Do I need to work with my current lender?
+
No. You can use any FHA-approved lender for a Streamline Refinance — you are not required to stay with your current servicer. Shopping for a better rate with a new lender is completely allowed and often beneficial.
What is the "net tangible benefit" rule?
+
The FHA requires that your refinance provide a measurable benefit. For a fixed-to-fixed refinance, your new combined rate (interest + MIP) must be at least 0.50% lower than your current combined rate. We verify this during your free consultation.
How much does an FHA Streamline cost?
+
Closing costs vary but typically run 2–3% of the loan balance. These can be rolled into the new loan or covered through a slightly higher rate (lender-paid closing costs option), meaning you can close with $0 out of pocket in many cases.
Real Results

What Our FHA Borrowers Are Saying

"
★★★★★

I didn't even know the FHA Streamline existed. Accurate called me after I reached out, walked me through everything in 20 minutes, and we closed in 18 days. My payment dropped $290 a month.

Ashley M.
FHA Streamline · Antioch, TN
"
★★★★★

My home value had dropped and I thought I was stuck. No one told me I could still refinance without an appraisal. Accurate made it so easy. Zero dollars at closing, lower payment.

James & Trish B.
FHA Streamline · Clarksville, TN
"
★★★★★

Three other lenders made me feel like I didn't qualify. Accurate looked at my payment history, confirmed my eligibility in 24 hours, and closed me in 22 days. Saving $375/mo now.

Desiree W.
FHA Streamline · Smyrna, TN
Ready to Lower Your Payment?

See If You Qualify for an FHA Streamline Today

There’s no obligation, no credit pull, and no cost to review your options. In just a few minutes, we can tell you whether an FHA Streamline could lower your rate and monthly payment.

Start My FHA Streamline Call (615) 833-0456