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.
What this actually means.
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.
Where this can move.
Rate environment, equity, credit, current loan type, seasoning, AUS findings (appraisal waiver eligibility), and program rules can change the answer.
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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. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.