If you currently live in Arizona and have an FHA loan, it may be possible to refinance your home even if you owe more than it is worth because no appraisal will be required.

The program name is the FHA streamline program and it is designed to allow people who are currently in an FHA loan to take advantage of lower interest rates when they are available without having to completely re-qualify for a new loan.

Since many homeowners in Arizona currently owe more than their home is worth, for those homeowners who are in an FHA loan, the good news is that they can possibly still take advantage of lower rates - and not be required to get a new appraisal on their home!

Is it possible to do an Arizona FHA refinance with no appraisal? Yes!