Conventional & Government
Government — FHA Refi
FHA Streamline Refinance
Reduced-documentation refinance of an existing FHA loan — no appraisal or full income docs required in most cases.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
Ideal borrower
Existing FHA borrowers who can lower their rate.
Program highlights
- No appraisal required
- No income verification required
- Must show net tangible benefit
- UFMIP refund if refinanced within 3 years
Typical uses
- Rate reduction on existing FHA
Frequently asked questions
- How fast does an FHA Streamline refinance close?
- Typical FHA Streamline closes run 14–21 days because no appraisal is required in most cases and no income documentation is needed. The fastest I've closed is 10 days on a clean file with current MIP data on hand.
- Do I need to requalify for my FHA Streamline?
- No traditional requalification is required — no income verification, no DTI recalculation, no VOE. The streamline requires only that you show net tangible benefit (typically a 0.5% rate reduction or a material payment drop) and that your current FHA loan is in good standing (no 30+ day lates in the past 6 months).
- Can I pull cash out on an FHA Streamline?
- No. Streamline refis are rate-reduction-only. For cash-out from FHA, you use the FHA standard cash-out refi, which requires full underwriting and appraisal.
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.