An FHA-to-FHA option
This program is for eligible borrowers with an existing FHA-insured mortgage. It is not the route for converting a conventional loan to FHA.
For eligible existing FHA mortgages · Texas
Texas
FHA Streamline refinance.
An eligible FHA-to-FHA refinance with a simplified review. We will check your current FHA mortgage, payment history, and whether the proposed loan provides the required net tangible benefit.
Options depend on your qualifications, property, and lender review. This overview is not a loan approval or rate quote.
Know your options
How this
program works.
Potentially less paperwork
Lone Star Financing describes reduced income documentation and no new appraisal in many cases. The transaction still has eligibility requirements and costs.
Review insurance and fees
FHA mortgage insurance, closing costs, and the new payment should be compared together when evaluating the benefit.
Make an informed choice
What to
consider.
- Existing FHA loan, seasoning, payment history, and benefit requirements apply.
- A streamlined review is not an automatic approval or a no-cost refinance.
- Mortgage insurance and the new loan term remain part of the cost comparison.
Common questions
A clearer
starting point.
Can any homeowner use FHA Streamline?
No. It is for an eligible existing FHA-insured mortgage.
Is a benefit required?
Yes. The refinance must satisfy the applicable net tangible benefit requirements.
Does streamlined mean no closing costs?
No. We will review actual costs, any lender credits, and the proposed new terms.
A quick introduction
Let's find your
way home.
Tell me a little about your plans. I’ll help you understand your loan options and next steps.
npyles@lonestarfinancing.comPrefer to talk? Book a 15 minute call.