FHA Streamline Loan

Helps homeowners lower monthly payments and interest rates

FHA Streamline loans have been permitted on insured mortgages since the early 1980s. Streamlining refers to a reduction in the amount of paperwork needed to accomplish the refinancing. If you already have an FHA loan, and want to refinance, you may not need an appraisal or have to get qualified again.


Being current on the existing loan with all mortgage payments, for the last 12 months.
You must own the original property for at least six months.
For an FHA streamline you must close through an FHA-approved lender.
FHA Streamline loans do not require an appraisal, but a no-appraisal loan cannot exceed your current loan.
Closing costs must either be paid through the amount of the loan or at close.

The Streamline refinancing option reduces your monthly expenses by lowering your payments, but there is no option to take out cash equity. This refinance works well for people who are in good financial standing with no significant debt because it will but money back into your pocket every month.

Contact 5280 Financial Group, Inc. at (303) 634-2271 or complete the online application and let our expert team guide you through the FHA loan process.