The FHA Streamline Refinance allows existing FHA borrowers to refinance with reduced
documentation requirements. It's designed to help homeowners take advantage of lower interest
rates with minimal hassle.
No appraisal required (in most cases)
No income or employment verification (non-credit qualifying option)
No credit score requirement from FHA (lender overlays may apply)
Can refinance even if underwater on the mortgage
Potential MIP refund if refinancing within 3 years of original FHA loan
Closing costs typically 30-50% lower than conventional refinancing
Must have an existing FHA-insured mortgage
Must have made at least 6 monthly payments
210 days must have passed since first payment date
All mortgage payments current for 6 months prior to application
No more than one 30-day late payment in the previous 6 months
Must demonstrate "net tangible benefit" (minimum 0.5% payment reduction)
Maximum $500 cash out allowed
Serving those who serve — with clarity, speed, and straight answers.
These features make FHA loans ideal for:
First-time homebuyers
Buyers rebuilding credit
Families with limited savings
Buyers seeking more flexible approval guidelines

Leland Locke brings the same commitment from the fire service into every mortgage he handles.
Clear communication
Fast response times
No hidden surprises
Real guidance — not just rate quotes
You’re not routed to a call center.
You work directly with a professional who understands urgency and accountability.

Not affiliated with or endorsed by any government agency.
Homeowners should understand that refinancing may result in higher finance charges over the life of the loan.
© Copyright 2026. Go AI Mortgage. All Rights Reserved. NMLS # [Insert Number]
Davis Mortgage | Powered by Go AI