Refinance

Refinancing

Whether you want to lower your rate, shorten your term, or access your home's equity, there's a refinance path designed for your situation. Compare options by goal below.

Rate & Termreduce your payment or term

Cash-Outaccess your built-up equity

Streamlinesimplified paths for FHA, VA & USDA

Rate-and-Term Refinance Options

Conventional Rate-and-Term

Competitive rates for primary homes, second homes, and investment properties
Flexible term options from 10 to 30 years
Cancellable mortgage insurance once you reach sufficient equity
Good fit when exiting an FHA loan to drop ongoing MIP

Great for

Homeowners with solid equity and credit who want better terms
FHA borrowers who can now qualify conventionally

FHA Streamline

Lower your rate and monthly payment with a simplified process
No appraisal or income verification required in most cases
Refinance from an adjustable rate to a fixed-rate loan
Can also reduce your mortgage insurance premium

Great for

Existing FHA loan holders looking to take advantage of a lower rate
Borrowers who may not qualify for a conventional refinance

VA IRRRL (Interest Rate Reduction)

VA-to-VA refinance with limited documentation required
No appraisal needed in many cases
Move from an adjustable-rate to a fixed-rate mortgage
Lower your interest rate and monthly payment

Great for

Veterans and service members with an existing VA loan
Borrowers who want a streamlined process with minimal paperwork

USDA Streamline

Lower your USDA mortgage rate with a simplified refinance
No appraisal required
Relaxed qualification requirements compared to a full refinance
Competitive fixed rates

Great for

Existing USDA loan holders with a consistent on-time payment history
Rural homeowners looking to reduce their monthly payment

Cash-Out Refinance Options

Conventional Cash-Out

Convert built-up equity into cash at closing
Consolidate higher-interest debt into one mortgage payment
Access funds for renovations, business use, or major expenses
Program limits based on LTV and credit profile

Great for

Homeowners with sufficient equity and a clear use for the proceeds
Borrowers who can maintain or improve their payment strategy after refinancing

FHA Cash-Out

Access equity with FHA's broader qualification tolerance
Can refinance from a non-FHA loan into an FHA cash-out
Useful for borrowers who need flexibility in qualifying
County loan caps apply

Great for

Borrowers who want cash-out access and benefit from FHA's flexibility
Homeowners with moderate equity who need more room in qualifying

VA Cash-Out

Available to eligible veterans, including those with non-VA loans
Opportunity to restructure from adjustable to fixed terms
Single-loan structure for lien payoff and cash proceeds
Refinance up to program maximum LTV guidelines

Great for

Veterans with VA eligibility who want equity access plus loan restructuring
Borrowers who prefer consolidating into one loan

USDA Refinance Note

USDA programs are generally focused on rate-and-term refinancing
Cash-out access is typically handled through non-USDA alternatives
Conventional cash-out or other equity products may be available based on eligibility

Great for

USDA borrowers exploring equity access alongside refinance options
Homeowners who want to compare pathways before committing