The FHA-to-FHA streamline refinance, rule by rule
Does a streamline need an appraisal?
Rule check
Many FHA streamline refinances close without an appraisal, using the original value. Without an appraisal, closing costs generally cannot be added to the new loan. Some borrowers choose a streamline with an appraisal, which can change how much can be financed.
Last reviewed against the primary sources listed below.
Without an appraisal
- The original value is used.
- Costs are paid in cash or with lender credits.
- Less paperwork and often faster.
Streamline questions
Does an FHA streamline require an appraisal?
Often not; many close using the original value.
Can closing costs be rolled into a streamline without an appraisal?
Generally no; they are paid another way.