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FHA Streamline Requirements

How do you qualify for an FHA streamline refinance? The qualifications vary from lender to lender so I can speak only for Novation’s offerings. Novation has the best of both worlds when it comes to offerings because we are both lender and broker. As such we have a wide offering of solutions for the FHA streamline programs made available to you.

While most lenders require a minimum credit score of 620 and some even require a minimum middle score of 660 we are still able to do FHA streamline refinances with no minimum credit score. Having said that here are the main qualifying points:

1. You need to be current with your mortgage payments at the time of loan closing.
2. You need to be employed with the likelihood of continued employment.

That’s about it. Yes, there are documents to sign and a closing to attend but if you meet those two requirements everything after that is, as they say, gravy. My name is Ken and I am more than happy to answer your questions about the FHA streamline refinance program for your home. Feel free to call me at 678-946-0101 and if I do not answer please leave a message along with your email address.