There are some unique requirements to refinance your FHA loan, but you continued to be backed by the FHA through this process. Refinance Your FHA Home Mortgage Loan - Refinancing With The Streamline Process Published under 2nd Mortgage Loan You can now refinance your FHA loan with their streamlined process. Basic Requirements In addition to having a good credit record to refinance your home, the FHA also requiresWith reduced paperwork, your lender can process your mortgage much quicker. The good thing about FHA mortgages is that almost anyone can get it. So if you have a satisfactory credit record, enough cash to close the loan and sufficient steady income to make monthly mortgage payments without difficulty, then you'll have no trouble getting approved for an FHA mortgage. As a rule of thumb, only people who will reside in the property are eligible for FHA-insured mortgages.
