Refinance Loan Types

Lower your interest rate or change your loan term without taking cash out. The most common refinance type.

Refinance for more than you owe and take the difference as cash. Use it for home improvements, debt consolidation, or major expenses.

Simplified refinance for existing FHA borrowers with less paperwork and no appraisal required. Reduce your rate quickly.

Interest Rate Reduction Refinance Loan for eligible veterans. Minimal documentation and no appraisal required in most cases.

Standard refinance with no government backing. Best for borrowers with good credit and 20%+ equity.

Refinance for loan amounts above conforming limits ($806,500 in most areas). Requires strong credit and significant equity.

Switch to a 15-year term to pay off your home faster and build equity quickly. Save significantly on total interest.