For which of the following loans can closing costs and prepaids be financed?

The USDA streamline assist loan allows borrowers to finance closing costs and prepaids as part of the loan. This feature is particularly beneficial to homeowners because it alleviates the need to bring additional cash to the closing table, making it easier for borrowers to access funds. The streamline process itself is designed to simplify and lower the costs of refinancing, thereby making it more accessible for those who qualify. Financing these associated costs can also enhance affordability and potentially lead to better loan terms by incorporating upfront expenses into the new mortgage balance.

In contrast, while other types of loans mentioned have specific benefits, they do not typically allow the same level of flexibility regarding the financing of closing costs and prepaids. This is an essential distinction, as the ability to finance these costs directly impacts a borrower's cash flow and overall financial situation when refinancing.