Can I use an FHA loan to refinance my current mortgage?

Yes, you can use an FHA loan to refinance your current mortgage. The Federal Housing Administration (FHA) offers various refinance options for homeowners who are looking to lower their monthly payments or switch from an adjustable-rate to a fixed-rate mortgage. One popular refinance option is the FHA Streamline Refinance, which allows borrowers to refinance without an appraisal, income verification, or credit check, making the process faster and more accessible. Additionally, the FHA Cash-Out Refinance is another option that allows you to refinance and receive cash from your home's equity. However, it's important to note that FHA loans have specific eligibility requirements and guidelines, so it's recommended to consult with an FHA-approved lender to determine if you qualify and to understand all the available refinance options.