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Refinancing

Can I Refinance Without an Appraisal?

When appraisal waivers are available, and how to qualify for one.

4 min readBy NexGen Capital Corp · NMLS 1766649Updated 2026Refinancing

Short answer

When appraisal waivers are available, and how to qualify for one.

Both Fannie Mae and Freddie Mac offer appraisal waivers on eligible loans — usually low-to-moderate LTV rate-and-term refinances on primary homes.

Appraisal waivers exist

Both Fannie Mae and Freddie Mac offer appraisal waivers on eligible loans — usually low-to-moderate LTV rate-and-term refinances on primary homes.

Government streamlines

FHA Streamline and VA IRRRL programs often skip full appraisals when refinancing an existing FHA or VA loan.

Key takeaways

  • Waivers save time and cost when available.
  • Streamlines are common on FHA and VA refis.

Frequently asked questions

Related mortgage option

Ready to apply this to a real loan? Review how Refinancing work in Florida, or estimate your monthly payment before you talk to an advisor.

Sources

Program rules change and individual lender overlays apply. Verify specifics with the agency or with a licensed NexGen Capital advisor before relying on them.

Reviewed by NexGen Capital Corp

Written and reviewed by the licensed mortgage team at NexGen Capital Corp, a Florida mortgage brokerage (NMLS #1766649). Verify our license on NMLS Consumer Access.

Last reviewed: 2026

This article is educational and is not a commitment to lend or an offer of credit. Speak with a licensed NexGen advisor about your own situation.

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