Refinance Loan Programs
Conventional Loans
Rate and Term Refinance
- Up to 97% Loan-to-Value
- 620 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- No Mortgage Insurance Option
- Monthly Mortgage Insurance Cancels at 78% Loan-to-Value
- $647,200 Maximum Loan Amount
- Great Option for Lowering Interest Rate and/or Loan Term
Cash-Out Refinance
- Up to 80% Loan-to-Value
- 620 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- No Mortgage Insurance
- $647,200 Maximum Loan Amount
- Great Option for Debt Consolidation, Home Improvements, etc.
FHA (Federal Housing Administration) Loans
Rate and Term Refinance
- Up to 96.50% Loan-to-Value
- 580 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- 1.75% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.85% Monthly Mortgage Insurance
- Remains for Life of Loan (if Loan-to-Value is < 10%)
- $420,680 Maximum Loan Amount (Jefferson County)
- Great Option for Lowering Interest Rate and/or Loan Term
Streamline Refinance
- Existing FHA Mortgage Required
- 580 or Higher Credit Score
- No Income or Appraisal Needed
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- 1.75% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.85% Monthly Mortgage Insurance
- Remains for Life of Loan (if Loan-to-Value is < 10%)
- $420,680 Maximum Loan Amount (Jefferson County)
- Great Option for Existing FHA Borrower(s)
Cash-Out Refinance
- Up to 80.00% Loan-to-Value
- 580 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- 1.75% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.80% Monthly Mortgage Insurance
- Remains on Loan for 11 Years
- $420,680 Maximum Loan Amount (Jefferson County)
- Great Option for Debt Consolidation, Home Improvements, etc.
VA (Veterans Affairs) Loans
Interest Rate Reduction Refinance Loan (IRRRL)
- Existing VA Mortgage Required
- 580 or Higher Credit Score
- No Income or Appraisal Needed
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- 0.50% Funding Fee
- Financed into Loan Amount
- No Mortgage Insurance Required
- No Maximum Loan Amount
- Great Option for Existing VA Borrower(s)
Cash-Out Refinance
- Up to 100% Loan-to-Value
- 580 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- 2.30% Funding Fee (First-Time Use)
- Financed into Loan Amount
- 3.60% Funding Fee (After First Use)
- No Mortgage Insurance Required
- No Maximum Loan Amount
- Great Option for Veterans or Active Military
USDA (Rural Housing) Loans
Streamlined Assist Refinance
- Up to 100% Loan-to-Value
- 640 or Higher Credit Score
- No Appraisal Needed
- 1.00% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.35% Monthly Mortgage Insurance
- Remains for Life of Loan
- Great Option for Existing USDA Borrower(s)
Jumbo Loans
Rate and Term Refinance
- Up to 96.50% Loan-to-Value
- 660 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- No Mortgage Insurance Option
- Great Option for Loan Amounts Over $647,200
Cash-Out Refinance
- Up to 80% Loan-to-Value
- 660 or Higher Credit Score
- Fixed or Adjustable-Rate Mortgage (ARM)
- Loan Terms from 10 to 30 Years
- No Mortgage Insurance
- Great Option for Loan Amounts Over $647,200
No Closing Cost Home Loans
Call Us for Details