Lower your rate. Skip the paperwork. No appraisal required.

If you currently have an FHA loan, refinancing may be easier than you think — even if your credit, income, or home value isn’t perfect right now.

👉 With an FHA Streamline Refinance, you may be able to:

• Lower your rate
• Reduce your monthly payment
• Skip the appraisal
• Skip most of the income paperwork
• Close in days, not weeks

Let’s walk through how FHA streamline refinancing works in 2025, and whether it could be your fastest path to lower payments.

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✅ What Is an FHA Streamline Refinance?

The FHA Streamline is a refinance program for homeowners who already have an FHA loan and want to lower their interest rate or payment.

What makes it different?

• No home appraisal required
• No income or employment re-verification
• Minimal documentation
• Quick approval and closing timeline

It’s designed to be easy, affordable, and accessible — especially in volatile markets or tight financial situations.

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📋 Who Qualifies for an FHA Streamline Refinance?

To be eligible, you must:

• Already have an FHA-insured mortgage
• Be current on your mortgage with no late payments in the last 6 months
• Have made at least 6 full payments on the current loan
• Benefit from the refinance (aka the “Net Tangible Benefit” rule)

📘 Net Tangible Benefit = your new loan must reduce your payment or switch from an ARM to a fixed rate.

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⏳ How Fast Is It?

Because the FHA waives many standard requirements, streamline loans often close:

• In 10–20 days (compared to 30–45 for most refis)
• With minimal underwriting review

That makes it ideal if you:

• Want to lock in a better rate quickly
• Don’t want the hassle of income paperwork
• Aren’t sure what your home would appraise for

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🧠 What If Your Credit Score or Income Has Changed?

✅ That’s what makes the FHA Streamline so useful — even if your:

• Credit score dropped
• Income became variable
• Debt increased
• Home value is uncertain

You may still qualify because the streamline program is based on your loan history — not your full financial profile.

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💡 What About Closing Costs?

Streamline refis do have standard closing costs — but:

• You can roll them into the loan if there’s enough equity
• Some lenders offer no-cost streamline options with slightly higher rates
• FHA offers a partial refund of your upfront mortgage insurance (UFMIP) if you refi within 3 years of your current loan

We’ll show you the exact math and help you decide which option fits best.

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✅ FHA Streamline Refinance at a Glance

Feature	Requirement
Appraisal	❌ Not required
Income Docs	❌ Not required
Credit Check	✅ Required (basic score check only)
Time Since Loan Opened	✅ 6+ payments made
Payment History	✅ No 30-day lates in past 6 months
Mortgage Type	✅ Must currently be FHA
Benefit Needed	✅ Yes (lower payment or better terms)

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🏢 Why PRMI?

At PRMI, we make streamline refinances… truly streamlined:

• Fast processing with in-house teams
• Help reviewing your FHA payment history and eligibility
• Break down cost vs. savings for full transparency
• Lock in your lower rate with no guesswork

We’ll tell you upfront if it’s worth it — and make it simple if it is.

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👇 Have an FHA Loan? Let’s Streamline It.

We’ll check your eligibility in minutes and show you how much you could save — with no appraisal and minimal paperwork.