FHA Refinance

Lower your rate, shorten the term of your loan, or take cash out from the equity in your property with a FHA Refinance

  • Shorten your term from a 30 year to 20 or 15
  • Use the equity in your home to take cash out to be used for upgrades, repairs, or just extra money
  • Available for High Balance loans
  • Up to 97.75% Loan To Value (LTV) for a rate/term refinance
  • Must have made at least six (6) payments on existing FHA Loan
  • As low as 580 FICOs ok
  • Upfront and monthly Mortgage Insurance (MI)

To refinance an existing FHA loan with a no appraisal loan, you may be interested in a FHA Streamline Refinance Loan.

If you are looking to remove Mortgage Insurance, consider a Conventional Refinance. No MI is required on LTVs below 80%. Additionally, If the LTV on your loan is 80% or higher when your loan closes, your MI can be cancelled once it drops below 80%.