No appraisal. No income docs. No employment check. The fastest way for FHA borrowers in Texas to reduce their mortgage rate and monthly payment — see today's mortgage rates before you start.
Designed by HUD specifically for FHA borrowers who want a lower rate without the usual refinance hassle. If you need to pull equity instead, consider a cash-out refinance or the VA IRRRL for VA borrowers.
Skip the appraisal entirely. Even if your home has lost value since you purchased it, you can still refinance. This is one of the biggest advantages of the FHA Streamline program.
FHA Streamline doesn't require paystubs, W-2s, or tax returns. Your payment history on the existing FHA loan is the primary qualification factor.
If your original FHA loan was closed before June 2009, you may qualify for significantly reduced MIP rates. Even newer FHA loans benefit from the 2023 FHA MIP reduction on annual premiums.
With no appraisal and minimal documentation, FHA Streamline is the fastest path to a lower rate. STX Lending averages 21-day closings — faster than a standard rate-and-term refinance.
We verify your existing FHA loan, payment history (no 30-day lates in 12 months), and calculate your net tangible benefit.
We lock a rate that meets the 0.5% net tangible benefit test. No appraisal ordered, no income docs required.
Sign docs and your new lower rate takes effect. Average timeline: 21 days. Your payment drops starting next month.
Run the numbers before you commit with our refinance calculator. These tools answer the questions every refi shopper asks.
Find out when your refinance pays for itself and whether the closing costs are worth it.
Should you buy discount points to lower your rate? See break-even months and lifetime savings.
See how extra payments shave years off your loan and save tens of thousands in interest.
Common questions about FHA Streamline refinancing.
No appraisal • No income docs • 21-day average close.
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