Refinance to a Fixed Rate Loan
A Fixed Rate loan keeps the same interest rate the entire term of your loan. With a Fixed Rate loan, your loan payment will not change regardless of interest fluctuations during the term of your loan.
If you plan to stay in your home for a long period of time or want your monthly payment to remain the same during the term of your loan, a Fixed Rate mortgage might be the right loan for you. You can get Fixed Rate loan terms for 10, 15, 20, 25 and 30 years.
Refinance to an Adjustable Rate Mortgage Loan
Adjustable Rate Mortgage (ARM) loans typically have lower monthly payments than a Fixed Rate mortgage loan. If you are planning to sell your home in a few years or you need lower monthly payments, an adjustable rate mortgage can suit these needs. We offer Adjustable rate Mortgage with initial terms of 3 and 5 years, depending on your needs.
FHA Loan
Not every mortgage lender is approved to offer FHA loans. We are.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). Available to all consumers who want to refinance or purchase a new home, an FHA loan is the ideal loan program if you have a lower credit score, lower income or limited cash available.
Benefits of an FHA loan:
- New, higher loan amounts
- Cash-out refinancing up to 85% loan-to-value
- Up to 97.75% loan-to-value for purchases and no cash-out refinance loans
- Only a 3.5% down payment required
- Financing of most closing costs
- Flexible underwriting criteria to help lower credit and lower income
Conventional Loan
Refinance to a Conventional loan to get a lower interest rate than other loan programs with no monthly mortgage insurance premiums. You can get a Fixed Rate or an Adjustable Rate Mortgage Conventional loan, depending on your needs. Conventional loan programs are available for single family to four family unit homes.
Veteran Administration Loan
If you are serving in the military, National Guard or Reserve, a veteran or a surviving spouse of a veteran, you may be eligible for a Veteran Administration (VA) loan.
Benefits of refinancing to a VA loan:
- 90% financing available on Refinance
- No Monthly Insurance Premium
Plus, if you already have a VA loan, we can offer you even more savings with a VA Interest Rate Reduction Loan (IRRL). Often times, you can improve your terms without an appraisal.
Home Affordable Refinance:
The federal government has released a new mortgage refinance loan program that helps homeowners with Fannie Mae loans qualify for today's historically low rates. Even if your loan-to-home value is 105% and you have been turned down in the past, you may still qualify under this special government program.
The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices." Refinancing a Fannie Mae loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product.
Benefits of a Home Affordable Refinance:
- Low-cost refinancing
- Reduced monthly principal and interest payments
- Stable loan structure
Jumbo Loans
Loans that exceed the $417,000.00 conventional loan limit are considered jumbo loans. You can still take advantage of today's historical low interest rates by refinancing your current jumbo loan. In addition to a lower interest rate, our jumbo loan program does not include mortgage insurance premiums - saving you even more money