• 203(b)
o Purchase
o No cash-out refinance
• 203(h) Mortgage Insurance for Disaster Victims o No cash-out refinance
• 203(k) (Standard and Limited)
• Weatherization Policy (Existing Construction only)
FHA offers three types of no cash-out refinances:
a) Rate and term
b) Simple Refinance
c) Streamline refinance
The lender must calculate the dollar amount of a cost-effective energy package as determined by the home energy audit, as shown in Handbook 4000.1 II.A.8.c.iii (Energy Package). The EEM Calculator, located in FHA Connection (FHAC) on the Case Processing screen, will perform the calculation of the Maximum Financeable Energy Package.
For a Streamline Refinance, the EEM Calculator uses the appraised value from the initial transaction, contained within FHA Connection records, as the Adjusted Value.
For additional information see Handbook 4000.1 II.A.8.c and II.A.8.d.i(B)(2) available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh