FHA Refinance Guidelines & Requirements Checklist

FHA Refinance Guidelines & Requirements Checklist

KEY TAKEAWAYS

  • Four distinct FHA refinance programs are available — rate-and-term, simple, cash-out, and streamline — each designed for different financial goals and situations.
  • All FHA refinance programs require the property to be your owner-occupied primary residence, verified through utility bills or employment documentation. 
  • Most programs require a consistent mortgage payment history, with specific requirements ranging from six to twelve months of on-time payments. 
  • Loan-to-value ratios range from 80% for cash-out refinances to 97.75% for rate-and-term and simple refinances, directly impacting how much you can borrow.
A loan officer holding a red and white model home and typing on a computer.
Written by Bill Lyons