Can I roll closing costs into a conventional refinance?
Yes, within the program's max LTV. Rate-and-term refinance allows closing costs to be added to the new loan amount up to the conforming LTV cap. Cash-out has tighter LTV caps that may limit how much can be financed alongside the cash withdrawal.
Plain-English explanation
Refinance loan amount = existing payoff + closing costs + (cash to borrower if cash-out). The total has to fit within the program's max LTV based on the new appraised value (or AVM if waiver). Lenders model this as 'total financed amount' and ensure the result stays within program rules. Closing costs that don't fit within max LTV must be paid in cash. Subject to Fannie/Freddie guidelines.
What can change the answer?
Rate environment, equity, credit, current loan type, seasoning, AUS findings (appraisal waiver eligibility), and program rules can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Refinance
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.