Can I skip the appraisal on a streamline refinance?
Often yes. FHA and VA streamline refinances typically don't require a new appraisal, since they don't take cash out and the goal is a lower rate or payment. That saves time and the appraisal fee.
Some conventional rate-and-term refinances also get an appraisal waiver. We'll confirm whether your streamline qualifies to skip the appraisal.
Often, yes
Yes. Streamline refinances, such as the FHA streamline and the VA IRRRL, usually skip the appraisal entirely. That saves you time and the appraisal fee.
Because these programs focus on lowering your rate rather than pulling cash, the lender does not need a fresh value.
When an appraisal is needed
A cash-out refinance always needs an appraisal, and some conventional refinances waive it only if your loan qualifies for an appraisal-free program.
We will tell you upfront whether yours needs one. Apply now and we will map your streamline options.
Verify the details for your own situation against these government and agency sources: CFPB guide to refinancing and CFPB Owning a Home guide.