Is an FHA Streamline Refinance The Same Thing As A Loan Modification? An FHA streamline refi is not the same thing as a loan modification. However doing an FHA streamline refinance is a very easy loan to get done. Even if your home is upside down you can do the FHA Refi. You do not even order an appraisal on the FHA refinance program. In fact another benefit of the FHA Refi is that you do not even need to have good credit. You credit score can be lousy and you can still qualify for the streamline refinance. Effectively the FHA Steamline Refinance is like a no documentation loan. If you want to save money on your FHA loan call toll free 1-888-368-6668.