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FHA rates from 5.750% · 3.5% down · Low MIP Check rate →
FHA Streamline from 5.625% · Cash-Out from 6.000%

Lower Your Rate.
Or Cash Out.

Two powerful FHA refinance options: the FHA Streamline streamline to lower your rate fast, or FHA Cash-Out to tap your home equity up to 100% LTV.

Check Refi Rate (702) 696-9900
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TWO OPTIONS

Choose Your Refinance Path

FHA Streamline
From 5.625%

The Interest Rate Reduction Refinance Loan is a streamline refinance designed for buyers who want to lower their existing FHA rate quickly and easily.

No appraisal required
No income verification
Close in 15-21 days
Minimal paperwork
0.50% FHA upfront MIP
Check FHA Streamline Rate
FHA Cash-Out
From 6.000%

Access your home equity while refinancing into a FHA loan. Borrow up to 100% of your home value — even replace a non-FHA loan with a FHA Cash-Out.

Up to 100% LTV
Replace any existing mortgage
Debt consolidation
Home improvements
Low MIP on new loan
Check Cash-Out Rate
SIDE BY SIDE

FHA Streamline vs Cash-Out

Feature
FHA Streamline
Cash-Out
Rate today
5.625%
6.000%
Appraisal needed?
No
Yes
Income verification?
No
Yes
Cash out equity?
No
Up to 100%
Time to close
15-21 days
30-45 days
FHA upfront MIP
0.50%
2.15%-3.30%
Best for
Lowering rate fast
Accessing equity
See what you qualify for

Get your personalized FHA rate in 60 seconds. No SSN. No credit impact.

Get Pre-Approved →
TIMING

When Should You Refinance?

Rate is 0.50%+ Higher

If your current rate is 0.50% or more above today's FHA rates, an FHA Streamline could save you hundreds per month with minimal hassle.

Need Cash for Renovations

FHA Cash-Out lets you tap equity for home improvements, debt consolidation, education, or any purpose. Up to 100% LTV.

FHA Streamline Refinance

If you have an FHA or conventional loan, a FHA Cash-Out refinance can replace it, eliminating PMI/MIP and potentially lowering your rate.

FAQ

Frequently Asked Questions

The FHA Interest Rate Reduction Refinance Loan (FHA Streamline) is a streamline refinance for buyers with existing FHA loans. It requires no appraisal, no income verification, and can close in 15-21 days. The goal is to lower your interest rate with minimal paperwork.
Yes. FHA Cash-Out refinance allows borrowing up to 100% of your home's appraised value. If your home is worth $500K and you owe $300K, you could potentially access up to $200K in cash.
For FHA Streamline, yes — you must currently have a FHA loan. For FHA Cash-Out, no — you can refinance any existing mortgage (FHA, conventional, USDA) into a FHA loan, as long as you have FHA eligibility.
Savings depend on your current rate, loan balance, and new rate. A 0.50% rate reduction on a $400K loan saves about $128/month or $46,000+ over the life of the loan. We can calculate your exact savings.
For FHA Streamline, you must have made at least 6 monthly payments on your current FHA loan and 210 days must have passed since the first payment. For Cash-Out, similar seasoning requirements apply.
SAVINGS CALCULATOR

How Much Could You Save?

Enter your current rate to see your potential monthly and lifetime savings with a FHA refinance.

6.750%
$350,000
Monthly Savings
$217
Yearly Savings
$2,604
Break Even
8 mo
Check Your Refinance Rate
THE PROCESS

FHA Refinance Timeline

FHA Streamline Streamline
1
Apply online

5 minutes

2
Lock rate

Same day

3
Processing

No appraisal needed

4
Close

15-21 days total

Cash-Out Refinance
1
Apply + docs

Income verification required

2
Lock + appraisal

FHA appraisal ordered

3
Underwriting

Full review + CTC

4
Close + get cash

25-35 days total

RELATED

Related Resources

Today's FHA Refinance RatesRefinance Savings CalculatorRefinance Upfront MIP RatesFHA Refinance EligibilityFHA vs Conventional Refinance
EXPLORE

Related Resources

Rates TodayRefinance CalculatorFHA MIPFHA CostsFHA EligibilityFHA Loan Guide FHA vs Conventional →FHA vs Conventional →
Check Your FHA Rate →
EXPLORE

FHA Resources

→ FHA Requirements → FHA Rates Today → FHA Calculator → Credit Score Guide → Down Payment Guide → FHA vs Conventional → First-Time Buyer → Get Pre-Approved → Closing Costs → Pros & Cons
YOUR FHA RATE

Check Your Refinance Rate

FHA Streamline from 5.625%. Cash-Out from 6.000%. See how much you could save.

Check Refi Rate (702) 696-9900

No SSN required · No credit impact · NMLS #65506 · Equal Housing Lender

FAQ

Frequently Asked Questions

The FHA Interest Rate Reduction Refinance Loan (FHA Streamline) lets buyers refinance an existing FHA loan to a lower rate. It requires minimal paperwork, usually no appraisal, no income verification, and can close in as few as 15 days. You must already have a FHA loan to qualify.

Yes. A FHA cash-out refinance lets you refinance up to 100% of your home's value and take the difference in cash. You can use the funds for debt consolidation, home improvements, or any purpose. This option is available even if your current loan is not a FHA loan.

FHA refinance closing costs typically range from 1-3% of the loan amount. The FHA upfront MIP for an FHA Streamline is 0.5%. Valley West Mortgage charges zero lender fees, so your costs are limited to third-party fees like title insurance and recording fees.

Consider refinancing when current rates are at least 0.5% lower than your existing rate, you want to switch from an ARM to a fixed rate, or you need cash from your home equity. The general rule: you should recoup closing costs within 36 months of savings.

For a FHA Streamline (streamline refinance), an appraisal is typically not required. For a FHA cash-out refinance, a full FHA appraisal is mandatory to determine your home's current market value.

FHA rates from 5.750%
(702) 696-9900Check FHA Rate