Types of Refi Loans
Loan Programs
Conventional
Arms
30-Year Fixed Rate
15-Year Fixed Rate
Jumbo
Government-Insured
FHA
VA
USDA
Conventional
Type
Limit
Ideal for:
Advantages
Arms
Conforming
- Short-term Homeowners
- Clients with future income Growth Potential
Low initial Interest Rate
30-Year Fixed Rate
Conforming
- Long-term Homeowners looking for Stability
- Long-term Interest Rate and Monthly payment stability
15-Year Fixed Rate
Conforming
- Clients looking for Stability and speedy Payoff
- Interest Rate & Payment stability
- Faster Equity/Payoff
- Less overall Interest
Jumbo
Conforming
- Clients seeking higher value
- No limit
- Covers more value
Government-Insured
Type
Limit
Ideal for:
Advantages
FHA
Conforming
- Clients with limited credit or income
- Low down payment
- Easier credit and income requirements
VA
Affordability
- Eligible past/present service members and spouses
- Low interest rate
- Low down payment
- Costs covered
USDA
Affordability
- Limited income clients in USDA designated rural areas
- 100% financing
- Assists limited income clients
Ready to Refi? Call Fred 714-583-6188
Let’s get you on your way to a Refi! Fill in the form, and we will be in touch quickly!