Refinance FHA Loan Guide

For 90 years the Federal Housing Administration has been insuring FHA refinancing loans for qualified borrowers in the United States. When interest rates drop, it makes sense to find out if refinancing with FHA would lower your mortgage payment and save you money.  FHA refinance loan programs provide rate and term, cash out refinancing and streamline refi programs as well.  FHA continues to be a leader in second chance loans for borrowers with below-average credit ratings. The RefiGuide will help you explore the pros and cons of each FHA refinancing loan to determine which program best meets your needs and qualifications.

Can You Refinance an FHA Loan?

Yes. Homeowners are allowed to refinance an FHA loan in several ways, depending on their goals and eligibility. There are many popular FHA refinancing programs in 2026 worth considering. The options include an FHA Streamline Refinance, which requires minimal documentation and no appraisal in many cases, an FHA rate-and-term refinance, or an FHA cash-out refinance to access home equity. You can also refinance from FHA into a conventional loan to remove mortgage insurance if you qualify. FHA refinance programs are backed by the Federal Housing Administration and are designed to make refinancing accessible for borrowers with average credit.

How to Refinance an FHA Loan in 2026

Step 1 — Determine your refinance goal. Identify whether you want to lower your rate and payment (FHA Streamline or rate-and-term), access cash (FHA cash-out refinance), or eliminate mortgage insurance by exiting the FHA program entirely (FHA-to-conventional refinance). Each path has different documentation requirements, waiting periods, and LTV limits. Your goal determines which program applies before you speak with a single lender.

Step 2 — Confirm your seasoning eligibility. For an FHA Streamline refinance, you must have made at least six payments on your existing FHA loan and 210 days must have passed from your original closing date. For an FHA rate-and-term or cash-out refinance, most lenders require 12 months of on-time payment history. No FHA refinance program closes faster than these minimum windows allow.

Step 3 — Check your credit score and MIP status. Pull your three-bureau credit report before applying. The FHA Streamline non-credit qualifying path requires no minimum credit score, but lenders may impose overlays of 580–620. For conventional exit refinances eliminating MIP, aim for 680+ to access no-PMI pricing at 80% LTV or below. Review FHA credit score requirements before comparing programs.

Step 4 — Gather your documents. For a non-credit qualifying FHA Streamline: only your existing mortgage statement, homeowners insurance page, and government-issued ID. For credit-qualifying or cash-out FHA refinances: two years of W-2s or tax returns, 30 days of pay stubs, two months of bank statements, and current mortgage statement. Having documents complete before application eliminates the most common source of closing delays.

Step 5 — Compare at least three FHA-approved lenders. FHA rates and lender overlays vary meaningfully across institutions. Request Loan Estimates from at minimum three FHA-approved lenders on the same day to ensure accurate rate comparisons. Pay attention to both the interest rate and the MIP calculation — the combined rate is your real cost of borrowing.

Step 6 — Lock your rate and complete underwriting. Once you identify your best offer, lock the rate — typically for 30, 45, or 60 days. Respond to any underwriting document requests within 24–48 hours to prevent rate lock expiration. FHA Streamlines typically close in 21–30 days; credit-qualifying FHA refinances in 30–45 days.

7 Reasons Why People Refinance to FHA Loans

An FHA refinance loan can be done in 15 or 30 year terms, and can also have an adjustable or fixed rate.

When interest rates are rising, borrowers often consider the 3/1, 5/1/ 7/1 or 10/1 ARM that offer a fixed FHA mortgage rate for a period of years.

When interest rates are falling, borrowers often choose a fixed rate FHA refinancing loan.

The Federal Reserve finally cut the key rates half a point, so it’s wise to determine if FHA refinancing improves your financial situation today.

Here are the advantages of the FHA refinance that will cause many people to refinance in 2026 and beyond:

#1 You Don’t Always Need an Appraisal

If you have ever refinanced a home loan, you know that you always need to get a new appraisal with a conventional loan. When you do an FHA Streamline, you are saved the cost of getting another appraisal, which will cost you around $400. However, this has another big advantage: You do not have to worry if your home will appraise enough to do the refinance. If your home does not appraise for the amount that you want to borrow, most mortgage lenders will not allow the refinance.

Also, with FHA, you can still refinance even if you are underwater on your loan! FHA does this because the agency has guaranteed millions of FHA refinance loans, and the fewer that default, the better for its financial books.

#2 You Don’t Need to Verify Your Income or Employment

Many people who want to refinance into a lower rate could have had a problem with their income, such as a lost job. With a regular refinance, not having as much income can prevent you from doing the refinance at all. But with an FHA-home loan, you do not need to have your income or your employment verified again. This is a massive benefit that will certainly help many in trouble home owners in the next few years.

#3 Credit Score Checks Are Often Waived

FHA does not require your credit score to be checked to do a refinance. So, if you have had credit problems in recent times due to a job loss or another financial problem, you can still refi FHA mortgage loans.

There are some FHA mortgage brokers that might have a certain credit score requirement; these lenders are allowed to set their own credit criteria. So, there is the chance that some lenders could check your score. If you have bad credit, you should look for another FHA lender to help you accomplish a refinance transaction.

#4 The Process Is Much Faster

With so much less paperwork required to do an FHA Streamline millions of homeowners can enjoy the benefits of a lower interest rate through a refinance in the next few years. Just by not having to do an appraisal, you could easily have three weeks taken off the time to get the loan done. So, if you have been delaying your refi because you thought it would take months, you are probably in for a big surprise with an FHA-Refinance. You can talk to FHA approved lenders that can help you understand the FHA income limits and debt to income requirements.

#5 Your Rates Are the Same as an FHA Mortgage

Even though you do not have your credit score checked or your employment and income verified, you can still get the same rate as on a regular FHA mortgage. Many conventional refinance loans have higher rates, but an FHA refi allows you to get a very low rate that can save you big each month. Learn how to qualify for a FHA loan.

See the Current FHA Rates

#6 You Don’t Have to Pay a Prepayment Penalty

If you want to pay off your loan early, you can always do it with an FHA Streamline Loan.

FHA Streamline Qualifications

The FHA streamline program is a great deal, but you do need to meet some requirements:

• The home must be your main place of residence
• You may not have had a late payment in the last year
• You have to be current on your current mortgage
• If you have an adjustable rate, you must be out of the introductory period to refinance
• There must be a net tangible benefit to refi; this means you must be able to reduce your total monthly payment, including the mortgage principle and interest, taxes and insurance by at least 5%.
• Closing costs have to be paid at closing, or paid with a slightly higher interest rate

Case Study: Tampa Homeowner Refinances Into FHA Loan and Saves $287 Per Month

Borrower: Marcus Webb, 44, homeowner, Tampa, Florida

Situation: Marcus purchased his Tampa home in 2021 using a conventional mortgage at 8.25% APR. Two years of medical bills following a family health crisis had pulled his credit score down to 595 — below the 620 minimum most conventional lenders require for a refinance. With his monthly mortgage payment at $1,891, he was struggling to keep pace with rising insurance and property tax costs common across Florida in 2026.

The solution: Marcus contacted an FHA-approved lender who confirmed he qualified for a credit-qualifying FHA refinance with his 595 score — above HUD’s 580 minimum. His home appraised at $340,000 against a remaining balance of $271,000, producing a 79.7% LTV — just under the 80% threshold.

Outcome: Marcus closed his FHA refinance at 6.65% APR on a new 30-year fixed loan. His new monthly principal and interest payment: $1,604 — a reduction of $287 per month and $3,444 in annual savings. His upfront MIP of 1.75% ($4,742) was rolled into the new loan balance.

Lesson: FHA refinancing’s 580 credit score minimum gave Marcus a refinance path that every conventional lender had closed. His sub-600 credit score was not a disqualifier — it was simply a routing decision to the right program.

How to Refinance an FHA Loan for a Lower Interest Rate

Step 1 — Calculate your current combined FHA rate. Your true FHA borrowing cost is your interest rate plus your annual MIP of 0.55% on a 30-year loan. On a 7.00% FHA loan, your combined rate is 7.55%. This is the benchmark you must beat by at least 0.50 percentage points on a new FHA Streamline — the net tangible benefit threshold HUD requires for every streamline approval.

Step 2 — Check today’s FHA refinance rates. FHA 30-year refinance rates as of June 2026 range from approximately 6.30%–6.80% APR depending on lender and credit tier. If your current combined rate (interest + 0.55% MIP) exceeds today’s combined rate by 0.50%+, you pass the net tangible benefit test automatically. Borrowers who took out FHA loans in 2022–2023 at 7.0%–7.5% are the primary beneficiaries of today’s rate environment.

Step 3 — Confirm the FHA Streamline non-credit qualifying path applies. For maximum simplicity and speed, confirm you meet all three Streamline eligibility criteria: 210 days since closing, six payments made, and current with no more than one 30-day late payment in the past 12 months. If you meet all three, no income documentation, no appraisal, and no credit check are required. This is the fastest path to a lower rate available in the FHA program.

Step 4 — Request a UFMIP refund calculation. If your original FHA loan closed within the last 36 months, you are entitled to a partial refund of the upfront MIP you originally paid — applied to offset the new UFMIP on the streamline loan. Your lender calculates this automatically from the HUD sliding-scale refund schedule, but confirming the credit applies reduces your net financing cost. The refund declines each month, so earlier refinancing captures a larger credit.

Step 5 — Decide between no-cost and pay-upfront structures. A no-cost FHA Streamline has the lender cover closing costs in exchange for a rate 0.125%–0.375% above the pay-upfront alternative. If you plan to refinance again in fewer than 36 months — as rates potentially continue declining under the Warsh Fed — a no-cost structure prevents sunk closing costs from eroding your savings. If you plan to hold for five or more years, paying upfront and securing the lowest rate produces better lifetime savings.

Step 6 — Submit application, verify documents, and close. FHA Streamlines close in 21–30 days on average with a complete file. Your new lower combined rate takes effect on the first payment due date after closing. For a full comparison of the FHA Streamline program against other FHA refinancing options, review the FHA streamline refinance guide.

The Benefits of FHA Loan and Refinancing

FHA (Federal Housing Administration) refinancing loans provide a flexible and accessible solution for homeowners looking to refinance their mortgage. These loans are backed by the FHA and are particularly beneficial for individuals with lower credit scores or limited equity in their homes. Whether you’re trying to reduce your monthly payment, switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, or tap into your home equity, refinancing an FHA loan offer several key advantages.

Easier Qualification with FHA Refinance Requirements

One of the most significant benefits of FHA refinancing loans is the relatively lenient qualification standards. Conventional loans often require higher credit scores and substantial equity, which can be a barrier for many borrowers. In contrast, FHA refinancing loans allow homeowners with credit scores as low as 580 (and sometimes even lower) to qualify, making refinancing accessible to a broader range of borrowers. Many approved lenders offer FHA loans for bad credit.

Additionally, FHA refinancing is more accommodating of those who may not have significant equity built up in their homes. In some cases, homeowners can refinance with as little as 2.25% equity, whereas conventional loans typically require at least 20%. This makes FHA mortgages particularly helpful for those in markets where home values have not risen substantially.

Lower FHA Refinancing Rates

FHA refinancing loans often come with competitive interest rates compared to conventional loans. Because the FHA insures these loans, lenders are willing to offer lower rates since the risk of default is reduced. Refinancing to a lower interest rate can significantly decrease your monthly mortgage payments, freeing up cash for other financial goals or reducing financial stress.

For homeowners who currently have an adjustable-rate mortgage (ARM), switching to a fixed-rate FHA loan can provide long-term financial stability by locking in a low, consistent rate, protecting against potential future interest rate increases.

Streamline Refinancing Option

One of the unique benefits of FHA loans is the availability of the FHA Streamline Refinance option. This program allows homeowners with an existing FHA loan to refinance to a new FHA loan with minimal paperwork and underwriting. The process is streamlined to reduce time and hassle, and it typically does not require a home appraisal, employment verification, or income documentation.

If you have a mortgage insured by the Federal Housing Administration, one of the best opportunities to refinance in the next few years is with an FHA streamline program. This type of refinance offers many exciting benefits for homeowners that make it far easier for you to refinance into a lower rate. It is important to know that only FHA lien holders can refinance their present mortgage with an FHA-Streamline Refinance.

The FHA Streamline Refinance is particularly appealing for those looking to lower their interest rate or switch from an ARM to a fixed-rate mortgage without the need for extensive documentation. Additionally, homeowners can often roll the closing costs into the loan amount, minimizing the out-of-pocket expense.

Cash-Out Refinance Option

FHA refinancing also offers a cash-out refinance option, which allows homeowners to tap into the equity built up in their homes. The FHA cash out refinance can be beneficial for homeowners looking to consolidate high-interest debt, finance home improvements, or cover significant expenses like medical bills or education costs.

With an FHA cash-out plan, homeowners can borrow up to 80% of their home’s current value, regardless of how much equity they currently have. This flexibility can be a lifeline for homeowners who need access to cash but may not qualify for conventional cash-out refinancing due to insufficient equity. You will need at least 15% equity to be eligible for a FHA cash out refinance.

Protection Against Falling Behind on Payments

FHA refinancing loans can also help borrowers who are struggling to keep up with their mortgage payments. Refinancing to a loan with a lower interest rate or a more affordable monthly payment can help homeowners avoid foreclosure. FHA’s willingness to work with borrowers with credit challenges or those facing financial hardship makes it a valuable option for homeowners in difficult circumstances.

No Prepayment Penalties

Another advantage of FHA refinancing loans is the absence of prepayment penalties. Many conventional loans charge a fee if the borrower pays off their mortgage early, which can make refinancing less appealing. With FHA mortgages, homeowners can pay off their mortgage or make extra payments toward the principal without facing any financial penalties.

Top 10 FHA Refinance Lenders 2026

The national average 30-year FHA refinance APR stands at 6.69% as of June 29, 2026, according to Bankrate’s latest survey of the nation’s largest mortgage lenders — down meaningfully from the 7.11% average recorded in June 2025, and representing the most favorable FHA refinance rate environment since early 2023. The lenders below are ranked based on FHA loan volume, program availability, credit flexibility, and verified customer satisfaction ratings. Estimated APRs reflect a 30-year fixed-rate FHA refinance, 700+ credit score, and 80% LTV. Closing costs typically range from 2%–5% ($4,000–$10,000 on a $200,000 loan). Freddie Mac

#1 — Pennymac Loan Services, NMLS #35953: 6.35%–6.55% APR
The nation’s largest FHA lender by volume, Pennymac offers FHA Streamline, rate-and-term, and cash-out refinance programs with higher allowable LTV ratios than most competitors and no above-minimum credit score requirements. Best for borrowers seeking competitive pricing and straightforward FHA Streamline processing.

#2 — loanDepot, NMLS #174457: 6.40%–6.65% APR
Offers the Lifetime Guarantee — waiving lender fees on future refinances for existing loanDepot borrowers. Strong FHA Streamline and cash-out capabilities with a fully digital application platform. Best for borrowers planning to refinance more than once as rates continue declining in 2026.

#3 — New American Funding, NMLS #6606: 6.55%–6.80% APR
One of the few major lenders offering the full suite of FHA refinance products including 203(k) renovation refinances and options for borrowers with credit scores as low as 500. Best for borrowers with below-average credit or who need renovation financing alongside rate reduction.

#4 — CrossCountry Mortgage, NMLS #3029: 6.60%–6.85% APR
Accepts credit scores from 500 with FHA financing, offering multiple refinance product types including Streamline and cash-out. Strong presence in purchase-heavy markets with experienced FHA loan officers. Best for borrowers with challenged credit seeking FHA refinance options.

#5 — Guild Mortgage, NMLS #3274: 6.65%–7.00% APR
Accepts FHA borrowers with credit scores as low as 540, offers both FHA Streamline and full credit-qualifying refinances, and maintains fast-approval timelines through its digital underwriting system. Best for borrowers with fair credit seeking quick approval timelines.

#6 — Fairway Independent Mortgage, NMLS #2289: 6.70%–7.00% APR
Among the lowest denial rates in the market at 5.7% (LendingTree, 2026), Fairway offers both standard and limited FHA 203(k) refinances alongside excellent customer satisfaction ratings. Best for borrowers who value a low denial rate and in-person branch access alongside digital capabilities.

#7 — Rocket Mortgage, NMLS #3030: 6.70%–7.05% APR
Fully digital platform with fast closing timelines and a strong FHA Streamline refinance process. Best for tech-comfortable borrowers who prioritize speed and a streamlined online experience over in-person guidance.

#8 — Carrington Mortgage Services, NMLS #2600: 6.75%–7.10% APR
Accepts FHA borrowers with credit scores starting at 500 — one of the most credit-flexible lenders in the market. Offers Streamline and rate-and-term FHA refinances. Best for borrowers with poor to fair credit (500–579) who need FHA refinancing access unavailable elsewhere.

#9 — Movement Mortgage, NMLS #39179: 6.75%–7.10% APR
Known for fast pre-approval timelines, Movement offers FHA purchase and refinance programs including construction-to-permanent loans. Best for borrowers who need FHA refinancing alongside construction or renovation financing for a combined project.

#10 — U.S. Bank, NMLS #402761: 6.80%–7.15% APR
Nationwide bank with full FHA refinance suite, flexible DTI allowances, and established customer service infrastructure. Best for existing U.S. Bank customers seeking relationship pricing on FHA refinancing or borrowers who prefer a traditional banking relationship alongside their mortgage.

Rate and Source Note: APR estimates are indicative ranges based on a 700+ credit score, 80% LTV, 30-year fixed FHA refinance, as of June–July 2026. The national average 30-year FHA refinance APR is 6.69% per Bankrate’s June 29, 2026 survey. The 30-year fixed mortgage rate averaged 6.49% as of June 25, 2026 per Freddie Mac’s Primary Mortgage Market Survey. Individual rates vary by lender, credit score, loan amount, and geographic market. (Rates and APR sourced from Freddie Mac HUD User )

FAQ for Refinance FHA Loans

What are the FHA refinance rules for 2026?

This year the FHA refinance rules continue to focus on borrower protections and accessible refinancing. Refinance options include FHA Streamline, rate-and-term, and cash-out FHA refi programs. Borrowers typically need to have their existing FHA mortgage current, with at least six on-time monthly payments for streamline options. FHA cash-out refis require homeowners to have owned and occupied the property for at least 12 months, and credit score and payment history requirements vary by lender. Loan limits adjust each year based on price data.

How soon can you refinance a FHA loan?

People are always ask us, “Can you refinance an FHA loan?” The answer is Yes, but there are three requirements to refinance an FHA loan:

• You must have made at least six payments on the FHA-insured mortgage.
• A minimum of six months must have passed since the first payment due date.
• The FHA-insured mortgage must be at least 210 days from the closing date.

How fast can you refinance FHA loans?

An FHA Streamline non-credit qualifying refinance is the fastest available FHA refinance path — closing in 21–30 days from application with no appraisal, no income verification, and minimal underwriting. Credit-qualifying FHA refinances and FHA cash-out refinances take longer.  typically 30–45 days — because full income documentation, a new FHA appraisal, and complete underwriting review are required. The single greatest source of delay on any FHA refinance is incomplete documentation at application. Borrowers who submit a complete file on day one consistently close at the fast end of these ranges.

What Is the Minimum Credit Score to Refinance an FHA Loan?

For the non-credit qualifying FHA Streamline, HUD sets no minimum credit score — though individual lenders may impose overlays requiring 580–620. For credit-qualifying FHA streamlines and rate-and-term refinances, the HUD minimum is 580 (for 97.75% LTV). For an FHA cash-out refinance, the minimum is 580 with most lenders requiring 620+ in practice. For an FHA-to-conventional refinance eliminating MIP, conventional lenders require a minimum 620, with best no-PMI pricing at 680+. For a complete breakdown by program, review FHA credit score requirements.

What is the FHA Simple Refinance?

The FHA Simple Refinance is a refinancing option for homeowners with an existing FHA-insured loan. It allows borrowers to:

• Reduce their interest rate or monthly mortgage payment
• Convert from an adjustable-rate mortgage (ARM) to a fixed-rate loan
• Include closing costs with the refinance FHA loan option

While the Simple program is a straightforward option, it comes with certain FHA refinance requirements, such as:

• A minimum credit score of 580
• No late mortgage payments for the last 6 months
• A current home appraisal

This  process involves a running the borrowers credit, income verification, and a new home appraisal. The simple refinance FHA loan amount can cover closing costs and prepaid items, provided it stays within the appraised value of the home. This simple refinance option differs from the FHA Streamline Refinance, which offers a quicker, more simplified process that usually doesn’t require a new appraisal, credit check, or income verification.

Can you remove PMI from FHA loan without refinancing?

Yes, in certain cases, you can remove mortgage insurance premiums (MIP) from an FHA loan without refinancing:

Loan Origination Date – If your loan originated between January 1, 2001, and June 2, 2013, your MIP will automatically be canceled when your loan-to-value (LTV) ratio reaches 78% or when you have 22% equity in your home.

Down Payment – For loans originated on or after June 3, 2013, if your down payment was less than 10%, you’ll be required to pay mortgage insurance for the life of the loan unless you refinance.
If you qualify for automatic cancellation, your mortgage servicer should remove the premiums once the criteria are met. If this hasn’t happened, you can contact your servicer to request the cancellation.

Can You Refinance a Conventional Loan Into an FHA Loan?

Yes — refinancing from a conventional mortgage into an FHA loan is permitted and is sometimes called a conventional-to-FHA refinance. This path makes sense for borrowers whose credit has declined since their conventional loan originated, or who want access to FHA’s more flexible underwriting standards. Requirements mirror a standard FHA purchase: minimum 580 credit score (for 96.5% LTV), full income documentation, and a new FHA appraisal. The primary trade-off is that the new FHA loan carries MIP for the life of the loan (for borrowers putting less than 10% of equity into the transaction). Review FHA cash-out refinance guidelines for cash-out scenarios.

When can you refinance an FHA mortgage loan?

The timing depends on the type of refinance. FHA Streamline programs usually require 210 days since your last loan closing and six on-time monthly payments. For FHA cash-out refinances, borrowers need to have owned and lived in the property for at least 12 months. Conventional refinances of an FHA loan may have different waiting periods. Reviewing your payment history and equity position will help determine eligibility for the best refinance option.

Can You Refinance an FHA Loan Into a Conventional Loan to Remove MIP?

Yes — and for most post-2013 FHA borrowers with less than 10% original down payment, this is the only way to permanently remove FHA mortgage insurance. FHA MIP on these loans lasts the full loan term and cannot be canceled through equity accumulation alone. Refinancing into a conventional loan at 80% LTV or below eliminates both FHA MIP and the need for conventional PMI simultaneously. You need at minimum a 620 credit score for a conventional refinance — though 680+ is the practical threshold for competitive pricing and clean no-PMI qualification.

Can You Refinance an FHA Loan if You Are Underwater on Your Mortgage?

Yes — the FHA Streamline refinance is one of the very few refinance programs that does not require an appraisal and does not impose a minimum LTV requirement. Borrowers who owe more than their home is currently worth — a condition sometimes called being “underwater” — can still complete an FHA Streamline provided they meet the seasoning requirements (210 days, six payments) and the net tangible benefit test (0.50% combined rate reduction). This is a structural advantage unavailable on conventional refinances, which require sufficient equity to support the new loan amount against the appraised value.

Who Are RefiGuide’s Top Rated FHA Refinance Lenders for Average Credit?

RefiGuide’s top 2026 FHA refinance lenders include well-known national mortgage providers that excel in FHA streamlines, rate-and-term, and cash-out refinance options. loanDepot earns strong marks for reliable FHA refi services and digital tools. New American Funding is respected for competitive pricing and flexible terms across FHA products. Guaranteed Rate offers transparent processes and an online experience, while Nations Lending provides personalized service and relaxed credit requirements. RefiGuide’s ranking considers flexibility with credit scores, rate competitiveness, customer satisfaction, FHA refinance expertise, and ease of closing to help you find the best fit.

The Reality of Refinancing FHA Loans in 2026

FHA refinancing loans offer a host of benefits for homeowners looking to lower their monthly payments, access home equity, or switch to a more stable mortgage. With easier qualification requirements, lower interest rates, and unique options like the FHA Streamline Refinance and cash-out refinancing, FHA loans are a flexible and accessible option for many borrowers. Whether you’re looking to improve your financial situation, secure a more favorable loan, or tap into your home’s equity, FHA refinancing can be an effective solution

One of the very best programs that the US government offers is an FHA mortgage, as well as the FHA Streamline Loan Program. If you are having any problem paying your FHA mortgage, being able to easily refinance your loan without much paperwork is a huge advantage that can be a total lifesaver.

As we mentioned above though, you need to be sure that your loan payment has not been late for at least 12 months. An FHA Streamline Refinance is not a way to save yourself from foreclosure if you are behind on payments. This program is simply for those who want to refinance into a lower FHA loan rate without most of the typical paperwork hassles that you usually have.

If you have an FHA loan that could be refinanced into a lower rate, based upon current interest rates, you would be strongly advised to look into the FHA Streamline Refinance Program.

Whether you want a simple streamline or cash out, the RefiGuide can help you shop lenders that specialize in FHA refinancing loans.

Reviewed by: Bryan Dornan, Lending Expert (25+ years)  |  Last Updated: July 2026  |  Fact-Checked ✓

NMLS Disclosure: Rocket Mortgage, LLC — NMLS #3030; Pennymac Loan Services, LLC — NMLS #35953; Freedom Mortgage Corporation — NMLS #2767; Carrington Mortgage Services, LLC — NMLS #2600; loanDepot, LLC — NMLS #174457; New American Funding (Broker Solutions, Inc.) — NMLS #6606; CrossCountry Mortgage, LLC — NMLS #3029; Guild Mortgage Company — NMLS #3274; AmeriSave Mortgage Corporation — NMLS #1168; Fairway Independent Mortgage Corporation — NMLS #2289. NMLS numbers verified from official lender licensing disclosures. All lenders are licensed to originate FHA-insured loans and are approved by the U.S. Department of Housing and Urban Development (HUD). FHA loans are insured by the Federal Housing Administration, a division of HUD. Verify any lender’s license at nmlsconsumeraccess.org.