FHA Streamline Refinance

Lock in Crazy Low Rates

Refinance FHA loan fast and hassle-free

  • Quick 20-day Close
  • No appraisal needed
  • No income verification
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Apply Online

or call (800) 284-7413

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Do you currently have an FHA loan?

If yes, FHA streamline is the easiest way to qualify to lower your interest rate. We may even be able to reduce your FHA monthly Mortgage Insurance Protection!

River City specializes in FHA streamline refinance loans and can work with clients who have any credit score. Several larger banks and lenders do not offer these types of refinances or have a strict 640 minimum-credit-score requirement. We have partnered with FHA lenders nationwide who ensure this loan process is smooth and easy, allowing us to close loans quickly.

Key FHA Streamline Facts

  • No appraisal
  • No income verification
  • No origination fees
  • No minimum credit score
  • Mortgage payment history 12-month verification (maximum of one 30-day late payment)

Apply here today or do a QUICK, FREE QUOTE to see how much you can save.


Even if you do not currently have an FHA home loan, you may want to consider refinancing to an FHA-insured mortgage. FHA is generally easy to qualify for and can help you access more equity and at a better rate than a traditional conventional loan.

FHA Refi Qualification and Benefits:

  • Any credit score may qualify
  • Refinance mortgage debt for up to 97.75% of home’s value
  • Debt consolidation or cash-out refinance up to 85% of the home’s value
  • FHA loans are assumable, meaning your loan can transfer to another party in the future. This will help you sell your home in the event that interest rates are higher later on.

We can help you determine if an FHA-insured loan refinance is right for you. Apply now or get a QUICK, FREE QUOTE

The Federal Housing Administration (FHA) offers mortgage loan programs primarily geared toward helping owner-occupied borrowers qualify for a home loan.

FHA Key Benefits

  • Less stringent qualification and credit requirements
  • Only requires 3.5% down payment for home purchase
  • FHA to FHA Streamline Refi without appraisal
  • No prepayment penalty
  • Assumable to future borrowers


Why FHA? Why not just do a conventional conforming loan?

Conventional financing is usually the better option for borrowers who have an excellent credit score and a sizeable down payment. FHA loans have less strict qualification standards than conventional loans, so it’s easier to qualify. FHA interest rates in general are lower than conventional in most cases. There are several factors that can determine which is the better option. Contact a licensed loan originator at (800) 343-7315 or get a QUICK, FREE QUOTE to find out what’s best for you.

Can I do a streamline refinance if I have a mortgage late?

Yes. A payment is only considered late on your credit report if it is not made within 30 days of the due date. We only look at the history for the past 12 months. Any late payment made more than 12 months ago is acceptable. The FHA rule for streamline qualification is no late payments in the past six months, and only one late payment is acceptable within the past 12 months.

If I have a bankruptcy in the past, can I still get a FHA loan?

Yes. For an FHA streamline refinance, it does not matter when the bankruptcy occurred. For a new FHA refi or home purchase, we only need to have two years from the discharge date of a Chapter 7 bankruptcy or two years from the file date for a Chapter 13 bankruptcy. There are some other factors that go into the approval process; to learn more, contact us today at (800) 343-7315 or easily start the process by completing our QUICK, FREE QUOTE form.

Do I have to do a 30-year term on an FHA loan?

No. The most popular loan terms are 15, 25, and 30. We can actually offer any odd-month term between 15 and 30 years. So, for instance, if you have 318 months remaining on your loan, we can refinance and keep the term right at 318 months.

How long does the monthly Mortgage Insurance (MIP) last on a new FHA loan?

The MIP on a new FHA loans lasts for 11 years if you have a 10% down payment or equity in the property on a refinance. If your down payment or equity is less than 10%, the MIP lasts for the life of the loan. Keep in mind that the MIP reduces slightly each year as the loan gets paid down.

Get a quick FHA streamline quote