Light yellow house with blue trim and red door - Refinancing Mortgage with Conventional Loans

Prime Refinancing Mortgage Loans are for borrowers seeking to refinance a property that has an existing mortgage. Refinancing a mortgage through conventional loans are for primary residence, second homes, and rental properties of one to four units. Call us to get pre-qualified.

Conventional Loan Features

  • Lowest Fixed or ARM interest rates available with terms of 30 or 15 years, other terms available
  • Refinancing mortgtage loans, without any cash out, are available up to 90% LTV
  • Refinancing mortgage loans with cash-out are available up to 80% LTV
  • Private Mortgage Insurance (PMI) is required for loans over 80% LTV on primary or secondary homes
  • Private Mortgage Insurance is not available for non-owner properties.  80% LTV or lower is required.
  • Low costs and fees, which may be included in the loan
  • Favorable loan interest rates and terms are common
  • No prepayment penalties are required for financing
  • 1 Unit Property max loan amount: $424,100
  • 2 Unit Property max loan amount: $543,000
  • 3 Unit Property max loan amount: $656,350
  • 4 Unit Property max loan amount: $815,650

Conventional Loan Requirements

  • 10% to 20% or more equity is required.
  • Minimum FICO credit score 580
  • 1 to 2 year work history
  • Moderate income
  • Livable property condition