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It is possible since you have significant equity. However only way to be for sure is to run it thru an underwriting engine.If your current loan is an FHA I would say your chances are better than 90% on streamline (assuming you are current on your mortgage, and have benefit in doing so).
The lender/broker could do what is called a Rapid Rescore which will update your credit report/FICO score within 30 days. Otherwise, the lender will not just accept proof that it is paid off, they base the loan on the credit score.
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For Sale: $495,000
For Sale: $2,000
For Sale: $374,450