Breaking down the requirements you need to qualify for refinancing with FHA Streamline
To refinance with an FHA Streamline, you must currently have an FHA loan
You cannot use an FHA streamline to refinance an existing conventional loan or any other type of loan
You cannot use an FHA streamline to refinance an existing conventional loan or any other type of loan
This means that it must be beneficial to you according to FHA guidelines
A full 6 months must have passed since the first mortgage payment
At least 210 days must have passed since the last date of the mortgage you wish to refinance.
You must have a good history of paying your current mortgage. What it means
In the last 6 months, you have not been late for more than 30 days.In the past 12 months, you have not made more than one payment more than 30 days late.