We welcome all credit grades and have various programs to help anyone get a home of their own. This service is offered to you at no charge and we do not check your credit. Click the button below and get matched with a lender now.Get Started!
FHA refinance loans can be used to accomplish a number of goals, For instance you can:
When refinancing without cash out, FHA loans will allow a loan amount of up to 98.75% of the appraised value of the home. This is especially important if you have purchased your home recently and financed a high percentage when you bought it. Whether converting an ARM to a fixed, lowering your interest rate, or trying to reduce your monthly PMI costs, FHA loans are a great choice when refinancing your current mortgage.
When taking cash out, FHA loans allow you to finance up to 85% of the homes value. This is significantly higher than conventional loans, and therefore will allow you to get more cash for things like debt consolidation, home improvements, vacations, school, etc. FHA also does not require a higher rate when taking cash out, making FHA loans the best choice for refinancing for this purpose.