Non-Credit FHA Refinance Program (FHA Streamline – No Credit Qualifying) The Non-Credit FHA Refinance Program, commonly known as an FHA Streamline Refinance (Non-Credit Qualifying), allows homeowners with an existing FHA loan to refinance without a full credit or income review. This program is designed to help borrowers lower their interest rate and monthly payment with minimal documentation and a faster approval process.
Who Is This Program For? You may qualify for a Non-Credit FHA Refinance if you: Currently have an FHA mortgage Have a good payment history on your existing loan Want to reduce your interest rate or monthly payment Prefer limited documentation and faster processing Are refinancing for a rate-and-term purpose only
Key Features No income verification No credit qualification (program dependent) No appraisal required in most cases Streamlined documentation Faster closing timeline Available only for rate-and-term refinances
Important Requirements Must show a net tangible benefit Must be current on mortgage payments No cash-out allowed Mortgage insurance (MIP) applies per FHA guidelines Loan must meet FHA seasoning requirements
What to Expect While the process is simplified, terms and rates still depend on: Market conditions Existing loan structure FHA and lender guidelines This program is ideal for homeowners looking to improve affordability without restarting the full loan approval process.