No appraisal. No income documents. Underwater is fine. The FHA streamline is the fastest way to cut your rate on a manufactured or modular home, and we underwrite it in-house.
An FHA Streamline Refinance is the fastest, lowest-documentation way to lower the rate on a manufactured home, with no appraisal, no income verification, and a non-credit-qualifying option. Because there is no appraisal, you can refinance even if you owe more than your home is worth. Streamline is rate reduction only, cash back is capped at $500, so if you also need cash, our exclusive $50,000 Consumer Loan can run alongside it without touching your equity or raising your new low rate. Manufactured Nationwide underwrites these in-house for doublewide, triplewide, and modular homes in all 50 states. If your current loan is not FHA, we can still lower your rate with a rate-and-term refinance into FHA.
If your current loan is FHA-insured, a streamline lowers your rate with no appraisal, no income verification, and a non-credit-qualifying option.
No appraisal means no loan-to-value limit. You can lower your rate even if you owe more than the home is worth.
FHA requires a Net Tangible Benefit, generally at least a 0.5% drop in your combined rate (interest plus MIP). We confirm this before you commit.
Cash back is capped at $500. If you need cash, our $50,000 Consumer Loan can run alongside it without touching equity or raising your new rate.
A rate-and-term refinance can move you from a conventional or other loan into FHA. That path does require an appraisal and full documentation.
Find Out in MinutesSee how much your rate and payment could drop. No credit pull to start.
Check Your Eligibility
Yes. If your manufactured, mobile, or modular home sits on a permanent foundation on land you own, and your current loan is FHA-insured, an FHA streamline refinance can lower your rate or payment with no appraisal, no income verification, and a non-credit-qualifying option that skips the credit check entirely. It is the lowest-documentation refinance in the business, and it exists for one reason: FHA wants you in a better loan.
The catch nobody explains: a streamline lowers your rate, but it does not give you cash. Cash back is capped at $500. That is a deliberate trade, you get the best rate and the least paperwork precisely because you are not pulling equity. If you need cash too, keep reading, because we have a way to do both that no one else offers.
Refinancing is not one product, it is six, and picking wrong costs you money. Here is the honest comparison, including when you should not use a streamline at all.
Lowers your rate or switches ARM to fixed. No appraisal, no income docs, non-credit-qualifying option. Works even if you are underwater. Gives you no cash ($500 max back).
Best if: you already have an FHA loan and just want a lower rate and payment.
Moves you from a conventional or other loan into an FHA loan at a lower rate or shorter term. Requires an appraisal and full documentation, unlike streamline.
Best if: your current loan is not FHA and you want FHA's rate and flexibility.
A separate unsecured loan for up to *$50,000 that does not touch your home equity, your loan-to-value, or your new low streamline rate. It can be underwritten in-house at the same time as your refinance.
Best if: you want a lower rate and cash, or you are underwater and cannot cash out. Only available through us.
Replaces your loan and returns the difference in cash, up to 80% of your home's value. Requires an appraisal and full documentation, and cash-out rates run higher than streamline rates.
Best if: you have real equity and need a large sum. See FHA manufactured cash-out loans.
A second lien that leaves your existing first mortgage and its rate alone. On manufactured homes these are exception-only, doublewide or larger, never singlewide, and approved case by case.
Best if: you have a great rate you refuse to give up. See manufactured home equity loans.
Lends against what your home will be worth after the improvements are complete, not just what it is worth today, so you can renovate even at a high loan-to-value.
Best if: the cash is for the home itself. See manufactured renovation loans.
Every other refinance asks you to prove you deserve it. The streamline mostly does not. Here is the full list of what you skip and what you gain.
No appraisalYour home does not get inspected or valued, so there is no loan-to-value limit and no appraisal fee.
Refinance even if you are underwaterBecause there is no appraisal, owing more than the home is worth does not stop you.
No income verificationIn most cases we do not verify employment or income, so a job change or pay cut does not disqualify you.
Non-credit-qualifying optionNo credit check on the non-credit-qualifying streamline. You just need no 30-day late payments in the last 12 months.
Up to a 68% MIP refundRefinance within three years of your original FHA loan and part of your prepaid upfront mortgage insurance is credited back on the new loan.
Drop to today's lower annual MIPIf your FHA loan predates 2023, a streamline can move you to the current lower annual MIP rate, cutting your payment further.
Streamline rates match purchase ratesYou are not penalized with a higher rate for having low or no equity, unlike a cash-out.
Switch ARM to fixed, or shorten your termGet off an adjustable rate before it moves, or go from a 30-year to a 15-year and own your home sooner.
Less paperwork, faster closingFewer documents and no appraisal means the file moves quickly, and we can close where it is convenient for you.
Doublewide, triplewide, and modularWe streamline manufactured and modular homes on owned land in all 50 states, underwritten in-house.
This is the part most homeowners do not know, and it is the reason many people who were turned down elsewhere qualify with us. An FHA streamline requires no appraisal. No appraisal means no loan-to-value limit. So if you owe more than your manufactured home is currently worth, it does not block the refinance. FHA bases the new loan on your existing principal balance, not on a new value.
Manufactured homes are hit hardest by this, because appraisals on them can come in low or find no comparable sales, which kills a normal refinance on the spot. The streamline sidesteps that problem completely. And if you also need cash while carrying negative equity, our Consumer Loan below does not depend on equity either, so you can lower your rate and get funds even with zero equity. That combination does not exist anywhere else.
We put this front and center because it is the rule that quietly stops streamlines, and most lenders will not tell you about it until they have your application.
Most lenders bury this. We lead with it, because it is the rule that stops people. FHA requires every streamline to deliver a Net Tangible Benefit, meaning the new loan must be a genuine improvement for you, not just new paperwork. For a standard rate-and-term streamline, that generally means your combined rate, your interest rate plus your annual mortgage insurance premium, has to drop by at least 0.5%.
Here is why we tell you this up front: rates move, and so does the math. Rather than guess, run your numbers in the calculator above, or call us and we will tell you honestly whether a streamline clears the test today. If it does not, we will say so, and show you what does. See the rules yourself at HUD.gov.
Run your own numbers. This calculator estimates your monthly savings and tells you live whether your refinance would clear FHA's Net Tangible Benefit test, before you apply anywhere.
See your estimated monthly savings and whether your refinance meets FHA's Net Tangible Benefit test, before you apply.
Enter your current and new rates to see whether the refinance meets FHA's benefit requirement.
A streamline gives you the lowest rate but almost no cash, capped at $500. A cash-out gives you cash but at a higher rate, and only if you have equity. Our Consumer Loan gives you both. Qualified borrowers can access up to *$50,000 in separate, unsecured funds, underwritten in-house alongside your streamline. It does not touch your home equity, your loan-to-value, or your new low rate, and it works even if you are underwater. No other lender in this space offers it.
See if you qualify for the extra $50,000 alongside your streamline.
Check Your Eligibility*Qualification for up to $50,000 is for qualified borrowers and can be applied to all loan programs. This is a separate unsecured consumer loan underwritten in-house at the same time as your mortgage. Proceeds cannot be used for a down payment. Contact your banker for applicable rates, terms, and conditions.
When you took out your FHA loan you paid an upfront mortgage insurance premium, usually financed into the loan. If you streamline refinance within three years of that original loan, FHA refunds part of it, up to 68 percent, applied as a credit against the upfront MIP on your new loan. The sooner you refinance, the bigger the refund.
There is a second savings most people miss. If your FHA loan predates 2023, your annual mortgage insurance rate is likely higher than what FHA charges today. A streamline can move you to the current lower annual MIP, which cuts your monthly payment on top of whatever you save on the interest rate. We check both automatically and will tell you exactly what you are owed.
A streamline only works if your current loan is already FHA-insured. If you have a conventional loan, or an older loan on your manufactured home, you can still get into FHA's rate and flexibility through an FHA rate-and-term refinance.
Be clear on the trade-off, and we will be straight with you about it: a rate-and-term refinance into FHA does require an appraisal and full documentation, income, assets, and credit. It is more work than a streamline. But for a manufactured homeowner stuck in a high-rate or restrictive loan, it is often the move that finally lowers the payment. Once you are in FHA, every future rate drop can be captured with a simple streamline.
We would rather tell you now than after you apply. These are the real reasons a streamline gets declined, and what we do about each one.
Your current loan is not FHA-insured. A streamline only refinances an existing FHA loan. If yours is conventional, we use a rate-and-term refinance into FHA instead.
The savings do not clear the benefit test. Your combined rate has to drop enough, generally 0.5%. If it does not, the loan cannot be approved as a rate-and-term streamline.
Not enough seasoning. You need at least six payments made and 210 days since your first payment due date.
Recent late payments. A 30-day late in the last 12 months can disqualify the non-credit-qualifying option.
You need real cash out. Streamline caps cash back at $500. Wanting more is not a denial, it just means a different product.
The home is not real property. It must be on a permanent foundation on land you own, titled as real estate, and built after June 15, 1976. We do not offer chattel loans.
Most refinance pages give you a two-page document list. Here is ours.
We are the lender, not a lead form. We underwrite and fund these loans in-house, which means the person deciding your file works here, not at an investor you will never speak to. That is why we can look at a manufactured home file that a big-brand lender's system rejects on sight, and why some of the largest lenders in the country send us the manufactured loans they cannot close.
It also means one banker, start to finish. Not an assembly line, not a new voice every week. We have specialized in manufactured and modular lending for over 25 years, we close in all 50 states, and we can sign where it is convenient for you.
Because of how mortgage payoffs and payment cycles work, a refinance often lands so that you skip a scheduled payment before your new loan's first payment is due. It is a timing shift, not free money, the interest is still accounted for, and we will show you exactly how it works on your loan.
Yes. If your manufactured, mobile, or modular home is on a permanent foundation on land you own and your current loan is FHA-insured, an FHA streamline can lower your rate or payment with no appraisal, no income verification, and a non-credit-qualifying option. We streamline doublewide, triplewide, and modular homes in all 50 states.
No. An FHA streamline does not require a home appraisal. FHA lets the loan amount be based on your existing principal balance rather than a new value, which means no appraisal fee and no loan-to-value limit.
Yes. Because a streamline requires no appraisal, there is no loan-to-value limit, so being underwater does not stop you from lowering your rate. It is one of the biggest advantages of the program, and it is why homeowners declined elsewhere often qualify here.
FHA requires every streamline to genuinely benefit you. For a standard rate-and-term streamline, that generally means your combined rate, the interest rate plus your annual mortgage insurance premium, must drop by at least 0.5 percent. You can also meet the test by moving from an adjustable rate to a fixed rate, or by shortening your loan term.
No. Cash back is capped at $500. If you need real cash you have two options: an FHA cash-out refinance, which requires an appraisal and full documentation and carries a higher rate, or our separate $50,000 Consumer Loan, which runs alongside your streamline without touching your equity or raising your new low rate, and works even if you are underwater.
The non-credit-qualifying streamline has no credit check at all. What matters is your payment history: no 30-day late payments in the last 12 months. Because we underwrite in-house, we can also review tougher files through our own loan committee.
FHA requires seasoning. You need at least six monthly payments made on your current FHA loan, and at least 210 days must have passed since your first payment due date.
If you refinance within three years of your original FHA loan, you may receive a refund of up to 68 percent of your prepaid upfront mortgage insurance, applied as a credit toward the upfront MIP on your new loan. The sooner you refinance, the larger the refund.
Yes, through an FHA rate-and-term refinance rather than a streamline. It moves you from a conventional or other loan into FHA at a lower rate or shorter term. Unlike a streamline, that path does require an appraisal and full documentation.
We do. Manufactured Nationwide specializes in manufactured, mobile, and modular refinancing in all 50 states, and we underwrite in-house rather than handing your file to an investor. The home must be on a permanent foundation on land you own and titled as real property. We do not offer chattel loans.
Need something other than a streamline? See our FHA manufactured cash-out loans to pull equity, manufactured home equity loans to keep your first mortgage rate, or manufactured renovation loans to fund the work on your home. Veterans should compare the VA IRRRL streamline, which is the VA's version of this program. Buying rather than refinancing? Start with FHA manufactured purchase loans. See everything on our manufactured home loan programs page.
Richie, OK... so you've officially done something I've never seen in 22+ years selling real estate. Closed a VA Loan on 224 Acres, with a Manufactured Home. CONGRATULATIONS! and THANK YOU!!! Admittedly, I was skeptical (more like pessimistic) when James told me you were going to get this VA Loan completed. And I had many doubts along the way, because I'd seen so many VA Lenders fall flat on their faces, just before the Closing. BUT... You got the Job DONE! Occasionally, I find someone out there who has done an Outstanding Job, helping my Clients... and You are one of these! I'm now officially a FAN of You and Your Work. I would be honored to promote you and your services to other Agents within our company, and I intend to do so. I will call you when I've caught up on my work a bit... and learn more about how I can do my job better on the next VA transaction.
~Tom K. Realtor
Ready to see your new payment? There is no credit pull to check eligibility, and no appraisal on a streamline. Tell us your loan balance and current rate and we will tell you honestly whether a streamline clears FHA's benefit test today, and what it saves you.
THE FEDERAL SAVINGS BANK IS NOT AFFILIATED WITH OR ACTING ON BEHALF OF THE FHA, USDA, VA, OR THE FEDERAL GOVERNMENT.
*Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.
*No SSN required. No credit pull. No risk. The info you share on this eligibility form is only used to check general eligibility against our banks loan programs — based on what you tell us. We never pull your credit (not even a soft pull), and we don’t ask for sensitive data like your Social Security number at this stage. Your information is never sold. If you decide to move forward, your banker will walk you through next steps and confirm before running any credit check. Until then, it’s 100% no-pressure, no-obligation.
*Important: We do not offer financing for homes on rented land or in mobile home parks. For family land, financing is only available if the property is on a separate parcel with no other property, and the borrower must be on the title to that land. Financing is available only for properties permanently affixed to owned land at closing, except for new construction projects. New Dealer Manufactured Home Loans are not available in New York. Modular and site-built land/home construction loans are available in all 50 states.
*Messaging and Data Rates May Apply.
*VA eligibility is required for VA loan products. USDA loans are only available in USDA-eligible areas as designated by the USDA.
*We do not offer new dealer-manufactured home loans in New York, but we do offer modular and site-built land and home construction.
*Qualification for up to $50,000 extra is for qualified borrowers and can be applied to all loan programs. This is a separate unsecured consumer loan we will underwrite in-house at the same time as your requested mortgage loan. Please contact your banker to request this program and the applicable rates, terms, and conditions. Consumer unsecured lending programs prohibit loan proceeds from being used for down payment.
REALTOR® is a registered trademark of the National Association of Realtors and is not affiliated with NationwideHomeLoansGroup.com or The Federal Savings Bank.
†Subject to applicable law and lender approval, when represented by one of our participating real estate brokerage companies during the purchase or sale of a home or land, eligible Consumers may receive a rebate of up to thirty percent (30%) off of the fee to be received by the participating real estate brokerage company representing the respective Consumer, at closing, which rebate will be applied exclusively toward paying down that Consumer’s applicable closing costs. In no event shall any rebate be greater than the aggregate of all closing costs. Issuance of a rebate is subject to a participating real estate brokerage company’s receipt of its fee. The following states condition, or do not permit, the granting of a rebate by real estate brokerage companies (list is subject to change at any time): Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, New Jersey, Oklahoma, Oregon, and Tennessee. No remuneration is paid to The Federal Savings Bank or to any of our Bankers. This is a free program offered exclusively by us to help our consumers save on their real estate transactions.
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