CONVENTIONAL LOAN REFINANCE
Welcome to Faith Lending:
Refinance Your Home with a Conventional Loan
Refinance Your Home with a Conventional Loan
At Faith Lending, we offer Conventional Loan Refinance options that help you secure better terms and lower interest rates on your existing mortgage. Whether you're looking to reduce your monthly payments, switch to a fixed-rate mortgage, or tap into your home's equity, our team is here to guide you through every step of the process with ease and expertise.
A Conventional Loan Refinance allows homeowners to refinance their existing mortgage without government backing, often resulting in better terms and lower interest rates. This type of refinance is ideal for borrowers with stable income and good credit who want to lower their monthly payments or access their home equity
100M+
Loans Funded
1000+
Families Served
25+
Years of Service
REQUIREMENTS FOR CONVENTIONAL LOAN REFINANCE
-
Credit Score: Minimum of 620, though higher scores may qualify for better rates and terms.
-
Loan-to-Value (LTV) Ratio: Generally, up to 80% of the home's appraised value.
-
Income Verification: Proof of stable employment and sufficient income to cover the new mortgage payments.
-
Debt-to-Income Ratio: Typically, no more than 45%.
-
Property Appraisal: An appraisal is required to determine the current market value of the home.
Book your Appointment Today!
Book your Appointment and speak to our Loan Specialists!
Faith Lending Can Help by:
-
Expert Guidance: Our team of mortgage professionals will assist you through every step of the FHA loan process, ensuring you understand all your options.
-
Personalized Support: We provide tailored solutions to fit your unique financial situation and homeownership goals.
-
Streamlined Process: Faith Lending simplifies the application and approval process, making it smooth and stress-free.
Discover how Faith Lending can help you achieve your homeownership dreams with an FHA loan. Reach out to our team to begin your journey to owning a home.
