Lower Your FHA Rate With Less Paperwork

If you currently have an FHA loan and your interest rate is above today’s market levels, an FHA Streamline Refinance may allow you to lower your payment without a full re-qualification.

Torrey Pines Mortgage offers FHA Streamline refinances for homeowners across San Diego County, helping borrowers reduce payments with a faster, simpler process.

What Is an FHA Streamline Refinance?

An FHA Streamline is a rate-and-term refinance for existing FHA borrowers designed to:

• Lower your interest rate

• Reduce your monthly payment

• Require limited documentation

FHA Streamline Benefits

• No income verification (in most cases)

• No appraisal required (often)

• Faster processing than a standard refinance

• Potentially lower mortgage insurance costs (depending on origination date)

FHA Streamline Eligibility

You may qualify if:

• You currently have an FHA loan

• You’ve made the last 3 payments on time

• The refinance provides a net tangible benefit

• The loan is being refinanced to a lower rate or more stable terms

Borrowers who closed before major rate increases often benefit the most.

FHA Streamline Refinance in San Diego

San Diego FHA borrowers often ask:

• “Is it worth refinancing if values went down?”

• “Can I refinance with limited equity?”

• “Do I need income documents again?”

In many cases, the answer is yes, yes, and no.

Torrey Pines Mortgage focuses on:

• Accurate FHA MIP refund analysis

• Transparent payment comparisons

• Compliance-first FHA guidance

• Clear explanations (no sales pressure)

FHA Streamline FAQs

Do FHA Streamlines require an appraisal?
Often no.

Can closing costs be rolled into the loan?
Yes, depending on structure.

Is cash-out allowed?
No — this is a rate-reduction refinance only.

Does my credit score matter?
Less than with a traditional refinance.