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Description/Features: |
FHA Streamline
Refinance |
- Easy way for FHA mortgage customers to reduce interest rate & monthly payment
- Reduced documentation & faster processing
- No income or asset verification
- No credit report & no appraisal in most cases
- Fixed-rate & adjustable-rate options
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VA Interest Rate
Reduction Refinance
Loan |
- Available to current VA mortgage customers
- Lower monthly payments
- Reduced documentation & faster processing
- No credit report, income or asset verification
- Fixed-rate mortgage options
- Option to roll closing costs into new loan — no up-front costs
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Conventional
Fixed-Rate Mortgages |
- Variety of terms
- Fixed monthly payments for life of mortgage
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Adjustable-Rate
Mortgages (ARMs) |
- Lower initial interest rate than fixed-rate loans
- Variety of terms & adjustment periods
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Jumbo Mortgages
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- Larger loan amounts for refinancing higher-value homes
- Fixed-rate & adjustable-rate options
- Variety of terms
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