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The FHA Streamline:
See Our Simple Steps for Refinancing FHA-insured Mortgages

Very Simple Steps to Originate an FHA Streamline
(Loan Programs 6052 & 6059)

Look how easy it is!

  1. Shortened loan application — No employment nor assets need to be listed on loan application
  2. Obtain FHA netting and refund information (DMC broker support can assist/train)
  3. Obtain title commitment
  4. Obtain copy of mortgage note

Submit the above to Direct Mortgage for closing!

***Contract Processing Option: You take the loan application and have us process the rest – for a small fee. Email***

Your borrowers qualify for an FHA Streamline refinance if:

  • They currently have an FHA Loan
  • Have at least a 640 credit score.
  • They have not had a 30-day mortgage late within the past (12) twelve months. 
  • If traditional underwriting is used, borrower cannot have any derogatory credit within the past (12) twelve months. 
  • The refinance is "rate and term".
  • If cash out is desired, credit qualifying with an appraisal is required.

Note: Streamline refinances are designed to lower the principal and interest payments on a current FHA-insured mortgage.  No more than $500 is allowed back to the borrower at closing. More cash back is allowed with a credit qualifying streamline.

Direct Mortgage offers FHA Streamlines, both Credit and No Credit Qualifying, and can help you become FHA approved if you are not already.



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