The FHA-to-FHA streamline refinance, rule by rule
Costs and cash back
Rule check
The maximum base loan amount is generally limited to the existing balance, less any refund of the upfront mortgage insurance premium, so closing costs are usually paid in cash or covered by a lender credit through a higher rate. A new upfront premium is charged, and a partial refund of your original upfront premium may apply if you refinance within the first three years. Cash back at closing is limited to 500 dollars.
Last reviewed against the primary sources listed below.
Read the Loan Estimate for
- The new upfront and annual mortgage insurance premiums.
- Any refund of your original upfront premium.
- Cash you must bring to closing.
- Any lender credit and its effect on the rate.
Streamline questions
Can closing costs be rolled into an FHA streamline?
Generally no; the loan amount is capped near the existing balance, so costs are paid in cash or through a lender credit.
Do I get my FHA upfront premium back when I refinance?
A partial refund may apply on an FHA-to-FHA refinance within three years, declining over time. Your lender can confirm the amount.