Are you considering refinancing your loan to a energy efficient mortgages? The thought behind such a program will comprise your new principal and interest expense as well as the added cost of the energy improvements. Yet this new mortgage payment must me lower than the present principal and interest payment on your current mortgage including reduction streamline refinance. Now there are no cash-out streamline refinance options available without an appraisal. The original principal balance substitutes for an appraised value. When it comes to a HUD REO you can do this without an appraisal and the sales price is used... Now there are 100% financing of what is deemed "cost effective" eligible energy upgrades. In the event to this you also have to have no extra liens on the house. The total of the energy improvements is to be layered into the base loan amount. Though loan limits may exceed the total cost of the energy improvements in certain situations... So how does this program work..