Conventional Mortgage Refinance Requirements Best Way To Finance Home Improvements How to finance a fixer-upper – Interest – Your lender isn’t going to approve a $300,000 loan to buy a home that’s only worth $250,000.. The programs achieve the same goal – providing homeowners with a mortgage and access to money to make necessary improvements – but come with different requirements and best serve different. both with double-digit interest rates, to finance.fha streamline refinance Mip FHA Streamline Refinance Rules 2016: The NEW FHA Streamline. – FHA Streamline Refinance Rules 2016: The NEW fha streamline facts The changes outlined below are effective january 25, 2016. ( mortgage letter 2016-01 ) FHA has reduced its mortgage insurance premiums as of January 25, 2016.