The FHA Streamline Refinance program is a refinance program for people who have an existing Federal Housing Administration (FHA) loan. It is the simplest and easiest way to refinance an FHA loan. Unlike a traditional refinance an FHA Streamline Refinance allows a borrower to refinance without having to verify their income and assets. In most cases an appraisal is not required. One of the most advantageous aspects of this program is that it allows for an unlimited loan-to-value ratio.