An FHA streamline refinance is an option for homeowners that is administered by the Federal Housing Administration (FHA). It is intended to give consumers an easier way to obtain mortgage refinancing from a participating lender. In order to qualify, a homeowner must currently have an FHA-insured mortgage and cannot be delinquent on the payments.

FHA streamline refinance is a specific mortgage product reserved for homeowners with an existing FHA insured mortgage. The program offers a fast and easy way for homeowners to refinance their outstanding mortgages at today's, often more forgiving, interest rates.

The FHA streamline refinance is a program that allows homeowners to replace their current FHA loan with a new FHA loan that provides some financial benefit. The “streamline” part refers to the simple approval process — you can skip the income verification and home appraisal, and you won’t even need a full credit report.

An FHA streamline refinance is when you replace your existing FHA loan with a new one without having to provide the same level of documentation or go through the same amount of underwriting scrutiny that another type of loan would require. While you can refinance with your existing lender, it’s not a requirement.

Streamline refinance refers to the refinance of an existing FHA-insured mortgage requiring limited borrower credit documentation and underwriting. Streamline refinances are available under credit qualifying and non-credit qualifying options.