FHA Streamline
How can a refinance work without traditional income qualification?
Some FHA Streamlines are "non-credit-qualifying," meaning the lender does not re-verify your income and employment the way a normal refinance requires.
This is often called a non-credit-qualifying FHA Streamline. Instead of re-underwriting your income, assets, and credit the way a typical refinance does, the lender relies more heavily on your existing FHA loan and payment history. This isn't available in every situation, and lenders can still apply their own additional requirements. It's not accurate to say no verification of any kind ever happens — the details depend on your specific transaction and lender.
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