Edited and reviewed by CEO Vatche Saatdjian — 30+ years of experience — Expert on FHA refinancing
If you already have an FHA loan, refinancing to a lower rate is easier than you think. No appraisal, no income verification, minimal paperwork—just savings starting next month.
Even a 0.5% rate drop can cut your monthly payment significantly. If you've had your FHA loan for 6+ months and rates have improved, now's the time to check.
Takes ~60 seconds • No credit check • See if you qualify
The fastest, easiest way to lower your FHA mortgage payment in Nevada
Skip the appraisal process entirely. Even if your home value dropped, you can still refinance your FHA loan. No inspection, no appraisal fees ($400-$600 savings).
Save $500+ in appraisal costs
Close in as little as 14-21 days. Minimal documentation means faster processing. Most Nevada homeowners close within 3 weeks and start saving immediately.
Close 50% faster than regular refi
No income verification, no employment verification, no tax returns required. If you've been making your FHA payments on time, you're likely approved.
Skip the paperwork hassle
Save $100-$400/month by reducing your interest rate
Your credit score doesn't matter for FHA Streamline
Maintain low down payment advantages on your existing FHA loan
Roll closing costs into the loan – minimal out-of-pocket
Current FHA Loan
$2,150/mo
7.0% interest rate
After FHA Streamline
$1,850/mo
5.5% interest rate
Save $300/month = $3,600/year
Based on $350,000 loan in Nevada
Simple eligibility criteria for Nevada homeowners
Your existing mortgage must be an FHA loan. You cannot streamline a conventional, VA, or USDA loan into an FHA Streamline.
No late payments in the past 6 months, and no more than one 30-day late payment in the past 12 months. Current on all mortgage payments.
Must demonstrate real financial benefit, such as:
At least 210 days (7 months) since your FHA loan closed, AND you must have made at least 6 monthly payments.
Your credit score is irrelevant – even with bad credit, you qualify
No pay stubs, W-2s, or tax returns required
Lender won't contact your employer or verify job status
Home value doesn't matter – refinance even if underwater
Your other debts and income ratio don't matter
This is rate-and-term only (but you can roll in closing costs)
FHA Streamline Refinance is a rate-and-term refinance only – you cannot take cash out of your home equity. The new loan amount can only be:
If you need cash out, consider an FHA Cash-Out Refinance instead (requires appraisal and full documentation).
Free consultation • No credit check • 2-minute application
Common questions about FHA Streamline refinancing in Nevada
Ready to lower your FHA mortgage payment?