Refinance a Home

Refinance your home with a low interest rate fixed rate mortgage

Take advantage of historically low interest rates

Refinance your mortgage and lower your interest rate, pay off debt and make home improvements.

Example of lower interest rate on payments:

Conventional Fixed Rate Refinance Loans

A fixed rate mortgage with stable principal and interest payments.

• Cash out refinancing to 80% of homes value

• Rate & Term Refinances to 95% of homes value

Highlights

• Principal residence or investment property

• No mortgage insurance if loan 80% or less of value

• Credit score affects rate and must be > 620

FHA Home Refinance Loans

FHA refinancing is federally insured home loan with a low fixed rate.

• Cash out refinancing: Cash out to 85% of homes value

• Rate & Term: Lower your current interest rate with a FHA loan to 97% of homes value

Highlights

• Home must be principal residence

• Credit score must be at least 620

Refinance existing FHA loan without need for new appraisal

• Loans must be current to be eligible.

• Mortgage history – No late payments in the past 12 months (0x30).

• No cash out to the borrower in excess of $500.

• Borrowers are not required to provide evidence of cash to close.

• No VOE or paystubs is required (except for “Credit Qualifying” situations).

• No verifications of deposit or bank statements are required.

• Second mortgages may be subordinated.

VA Loan Refinance to 90% of Homes Value

• The property must be owner occupied by the Veteran as his/her principal residence

• Cash out permitted

• No mortgage insurance required