fha streamline

FHA Streamline Refinance 

FHA has a unique program that allows borrowers to refinance their existing FHA mortgage into a lower interest rate loan while “streamlining” the process to minimal documentation requirements. The “streamline” is referring only to the amount of documentation and underwriting that is required and performed by the lender, and does not mean that there are no costs involved in the transaction. The basic requirements of a streamline refinance are: