Get Pre-Qualified
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The Non–Credit-Qualifying FHA Streamline Refinance is a fast, low-documentation refinance for homeowners who already have an FHA-insured mortgage. With strong FHA pricing, flexible streamline options, experienced guidance, and a quick path to closing, you can lower your interest rate and/or payment with no income documentation, no employment verification, no DTI calculation, and no new appraisal, as long as FHA payment history, seasoning, and net tangible benefit rules are met.
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The lender first confirms that your current mortgage is FHA-insured and then reviews your payment history, seasoning, and net tangible benefit to ensure the loan qualifies as a true streamline. As long as you’ve made at least six payments, meet the required time since closing, are current on your mortgage, and have no more than one thirty-day late in the last twelve months (with all of the most recent six payments on time), the lender structures a new FHA loan that replaces your existing one. The new base loan amount is calculated under FHA streamline rules using your current payoff and certain allowable items, usually without income documents, employment verification, DTI calculation, or a new appraisal. Assets are only verified if you must bring money to closing. Once underwriting clears limited streamline conditions, your old FHA loan is paid off, and you begin making payments on the new FHA streamline at the updated rate and terms.
Government-issued photo ID
Social Security number
Completed FHA Streamline Refinance application and disclosures
(Non–Credit-Qualifying streamline – no income package required)
No tax returns required
No pay stubs required
No W-2s required
No employment verification used for DTI
Recent mortgage statement for the existing FHA loan
Existing Note and/or servicer statement confirming FHA loan type and terms (as needed)
Homeowners insurance declarations page
HOA information and dues, if applicable
Assets (only if needed for funds to close):
2 months of bank statements if funds to close exceed the new total PITIAS
Explanations/sourcing for large deposits greater than 1% of the original property value
Under this non–credit-qualifying streamline, no income documentation, no employment verification, and no DTI calculation are required for approval.
Feature | Detail |
Program Type | Non–Credit-Qualifying FHA Streamline Refinance of an existing FHA-insured mortgage |
AUS | Not required for non–credit-qualifying streamline |
Credit Review | No full re-qualification; streamlined focus on FHA mortgage history (mortgage-only review as needed) |
Occupancy | Owner-occupied and investment properties, 1–4 units, per FHA and lender guidelines |
Owner-Occupied Proof | One month utility bill plus hazard insurance billing/mailing address matching the subject property |
DTI | Not considered for non–credit-qualifying FHA streamline |
Reserves | Not required under standard non–credit-qualifying streamline rules |
Maximum Cash Back | Maximum of $500 cash back at closing to keep the transaction a true streamline and not a cash-out refinance |
Closing Costs / Prepaids in Loan | Generally cannot be added to the new base loan; for owner-occupied, certain late charges & escrow shortages may be included; investment rules are tighter |
Delinquent Charges & Escrow Shortage | Owner-Occupied: late charges and escrow shortages may be included; Investment: late charges and escrow shortages generally not allowed |
Manufactured Homes | One-unit, doublewide, primary residence only; 2055 required; max LTV 100% of current value; foundation cert/inspection required; some ARMs/leaseholds ineligible |
Net Tangible Benefit | Required on all transactions (e.g., reduced combined rate – rate + MIP, ARM to fixed, or shorter term with real financial benefit) |
Payment & Seasoning Requirements | Existing FHA loan; current on payments; at least six payments made; at least six full months since first payment due date; at least 210 days since closing; all most recent six payments on time; no more than one 30-day late in months 7–12 prior to case assignment; if assumed, at least six payments made since assumption |
HPML Eligibility | May qualify as HPML where applicable, subject to FHA and lender guidelines |
BarCorp Financial Group, NMLS #1746897. BarCorp Financial Group is a mortgage broker and does not make commitments or fund loans. Information provided is for general informational purposes only and is not a loan approval, Loan Estimate, or commitment to lend.
All loans are subject to underwriting approval, lender guidelines, and property qualification. Not all applicants will qualify. Product availability, interest rates, and terms are subject to change without notice and may vary by lender and state. Equal Housing Lender.
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