Streamline Check glossary
Key terms
Rule check
These terms come up with FHA streamline refinances, each with a primary source. This is not a government website.
Last reviewed against the primary sources listed below.
- Streamline refinance
- A refinance of an FHA loan into a new FHA loan with reduced documentation. Source: HUD Single Family Housing Policy Handbook 4000.1
- Net tangible benefit
- The required improvement, such as a lower combined payment, that a streamline must deliver. Source: HUD Single Family Housing Policy Handbook 4000.1
- Non-credit-qualifying
- A streamline approved without a full income and credit review. Source: HUD Single Family Housing Policy Handbook 4000.1
- Seasoning
- The minimum time and payments since the current FHA loan closed. Source: HUD Single Family Housing Policy Handbook 4000.1