Ready to invest in your Future Dream home?
The Federal Housing Administration provides refinancing options that could lower your monthly home loan payments. By reviewing your current mortgage terms, we can explore ways to reduce your expenses, capitalizing on the state’s specific programs and FHA benefits. This review process is designed to identify the most cost-effective approach to refinance your home loan under housing market conditions.
Refinance FHA Loan
- Clients can apply with a minimum of a 3.5% Down payment
- You will have access to more flexible credit options
- You will require additional mortgage insurance
- You can choose your term loan between 8 and 30 years
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Conventional Refinance Loan
- Sharpen your budget with lower interest rates.
- Personalized mortgage terms — it’s your mortgage, your way.
- Cash-out options to fund your next big venture.
- Consolidate debt and manage your finances with ease.
- Boost your home equity and financial standing.
- Simplify your payments, improve your credit, and explore tax benefits.
VA Refinance Loan
- Tailored for the heroes among us — active duty, reservists, and veterans.
- Enjoy the privilege of no mortgage insurance.
- Flexible credit requirements with adaptable term options.
Jumbo Refinance Loan
- Refinance larger loan amounts with ease.
- Prepare for higher reserve requirements.
- Meet specific debt-to-income ratios for financial harmony.
- Your choice of term length to align with your financial vision.
Frequently Asked Questions About Loan Refinance
Can’t find the answer you’re looking for? Reach out to one of our qualified loan officers team.
An FHA Refinance Loan is a program for homeowners to refinance existing mortgages into loans with terms and conditions set by the Federal Housing Administration, often resulting in better rates or lower payments.
Eligibility generally requires homeownership, a history of timely mortgage payments, and a debt-to-income ratio that meets FHA guidelines.
Rate-and-term refinancing, streamlined refinancing, and cash-out refinancing, each designed to cater to different refinancing needs.
Benefits can include lower interest rates, reduced monthly payments, and the potential to switch from an adjustable-rate to a fixed-rate mortgage.
To apply, you’ll need to contact an FHA-approved lender and complete their application process, which typically involves credit and income verification.
Documentation includes proof of income, credit information, current mortgage statements, and any additional documents your lender requires.
Yes, it’s possible to refinance from a non-FHA loan to an FHA loan if you meet the eligibility requirements set by the FHA.
It can take from several weeks to a few months, depending on various factors such as loan type, required documentation, and appraisal times.