FHA Streamline Refinance
Lower your FHA mortgage rate with FHA Streamline Refinance. Simplified process with reduced paperwork and often no appraisal required in Florida.
Call (855) 744-EDGEWhat is FHA Streamline Refinance?
FHA Streamline Refinance is a simplified refinancing program designed specifically for existing FHA borrowers. It allows you to lower your interest rate, change your loan term, or both with minimal documentation and often without a new appraisal.
Lower Interest Rate
Reduce your monthly payment by refinancing to a lower interest rate.
Minimal Documentation
Streamlined process requires less paperwork than traditional refinance.
No Appraisal Required
Often no new appraisal needed, saving time and money.
FHA Streamline Refinance Eligibility
Who Qualifies for FHA Streamline?
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Current FHA Loan: You must currently have an FHA-insured mortgage
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Payment History: Must have made 6 consecutive on-time payments on your current FHA loan
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Credit Score: Typically 620+ (requirements vary by lender)
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Property Type: Primary residence (1-unit properties only)
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Loan Status: Cannot be delinquent or in foreclosure
Required Documentation
FHA Streamline requires minimal documentation compared to traditional refinancing:
- Pay stubs (2 months)
- Bank statements (2 months)
- Tax returns (2 years)
- Current mortgage statement
- Social Security Number verification
Benefits of FHA Streamline Refinance
Lower Monthly Payments
Reduce your mortgage payment by refinancing to a lower interest rate or extending your loan term.
Faster Processing
Streamlined process means faster approval and closing compared to traditional refinancing.
Keeps FHA Insurance
Your FHA mortgage insurance continues with the streamlined refinance process.
FHA Streamline Refinance Process
Step 1: Pre-Qualification
Contact Edge Home Loans to discuss your eligibility and get pre-qualified for FHA Streamline Refinance.
Step 2: Documentation Review
Submit required documents and we'll review your loan for FHA Streamline eligibility.
Step 3: Underwriting
Your loan is underwritten using streamlined FHA guidelines with minimal documentation review.
Step 4: Closing
Close your refinance quickly, often within 30-45 days of application.
Is FHA Streamline Refinance Right for You?
Perfect If You:
- Currently have an FHA loan
- Want to lower your interest rate
- Have good payment history (6+ months)
- Don't need cash out from equity
- Want a faster, simpler process
Not Ideal If You:
- Don't have an FHA loan currently
- Need cash out from home equity
- Have had payment issues recently
- Want to change from FHA to conventional
- Have an investment property loan
Ready to Lower Your FHA Mortgage Rate?
Contact Edge Home Loans today to see if you qualify for FHA Streamline Refinance and start saving on your monthly mortgage payment.