FHA Streamline Refi — Today's Rates
6.720%Current avg · Updated 2026-04-28
What is a FHA Streamline Refi?
FHA Streamline Refinance is available exclusively to homeowners with existing FHA loans. It requires minimal documentation — no income verification or appraisal in most cases. To qualify, your refinance must provide a "net tangible benefit" such as lowering your payment by at least 5%. This is one of the fastest and easiest ways to refinance.
Pros
- No appraisal required (usually)
- Less documentation
- Lower credit requirements
- Reduced mortgage insurance
Cons
- Must have existing FHA loan
- Cannot take cash out
- Net tangible benefit required
- MIP still applies
Quick Facts
Current Rate
6.720%
Min. Credit Score
580
Equity Requirement
N/A
Best For
Existing FHA loan holders who want to lower their rate quickly with minimal paperwork
Top Lenders for FHA Streamline Refi
| Lender | FHA Streamline Refi Rate | APR | Action |
|---|---|---|---|
| 🗽Freedom Mortgage | 5.805% | 5.955% | Apply |
| 🏘PennyMac | 5.880% | 6.030% | Apply |
| 🏦AmeriSave | 5.930% | 6.080% | Apply |
| ✨Better Mortgage | 5.930% | 6.080% | Apply |
| 💎SoFi | 5.930% | 6.080% | Apply |