VA loans are government-backed mortgages that offer no down payment, competitive rates, and flexible credit requirements for eligible veterans, active-duty service members, reservists, and certain surviving spouses. For those who already have a VA loan, the Interest Rate Reduction Refinance Loan (IRRRL), also known as the VA streamline refinance, provides a simple way to lower the interest rate with minimal paperwork and often no appraisal required.

FHA loans are government-backed mortgages that make homeownership more accessible with low down payment options and flexible credit requirements, ideal for first-time buyers or those with less-than-perfect credit. For current FHA borrowers, the FHA Streamline Refinance offers a simplified way to lower monthly payments or interest rates with reduced documentation and, in many cases, no appraisal required.

Conventional loans are the most common type of mortgage, offering competitive rates and flexible terms for borrowers with solid credit and stable income. For homeowners with an existing conventional loan, a rate-and-term refinance provides the opportunity to lower monthly payments, reduce interest costs, or adjust the loan term to better fit long-term financial goals.

USDA loans help eligible buyers purchase homes in designated rural and suburban areas with no down payment and affordable fixed interest rates. For current USDA borrowers, the USDA Streamline Assist Refinance offers a simplified way to reduce monthly payments with minimal documentation and no appraisal in many cases.

Reverse mortgages allow homeowners aged 62 or older to convert a portion of their home equity into cash while continuing to live in the home. Instead of making monthly payments, the loan balance grows over time and is repaid when the homeowner sells, moves out, or passes away, making it a helpful option for retirees looking to supplement income or cover expenses.

Bank statement loans are designed for self-employed individuals and business owners who may not qualify for a traditional mortgage using W-2s or tax returns. Instead, lenders review 12 to 24 months of bank statements to verify income, making it possible to secure financing based on actual cash flow rather than adjusted taxable income.

A cash-out refinance allows homeowners to replace their current mortgage with a new one for more than they owe and take the difference in cash. This option can be used to consolidate debt, fund home improvements, or cover major expenses while taking advantage of the home’s built-up equity.

A rate-and-term refinance allows homeowners to replace their current mortgage with a new one that has a different interest rate, loan term, or both. This option is often used to reduce monthly payments, pay off the loan faster, or save money on interest over time without taking out additional cash.

A streamline refinance is a simplified refinancing option available for certain government-backed loans, such as FHA, VA, and USDA. It is designed to lower your interest rate or monthly payment with less paperwork, no income verification in many cases, and often no appraisal required.

A HELOC allows homeowners to borrow against the equity in their home through a revolving line of credit, similar to a credit card. This flexible option lets you draw funds as needed for expenses like home improvements, debt consolidation, or education costs, and you only pay interest on what you use.

A home equity loan allows homeowners to borrow a lump sum of money based on the equity they have built in their property. With fixed rates and predictable monthly payments, this option is ideal for covering major expenses such as home renovations, debt consolidation, or large purchases.

We have TONS of mortgage solutions available, these are just the most common. Call today and we will find the ideal mortgage solution for you!