Refinance
Loan Options
Maybe you’re a first time homebuyer. Or maybe you’re ready to move into your
dream home. Either way, we’ve got a variety of loan options for every situation.
- Cash Out Refinance
- Debt Consolidation Refinance
- Streamline Refinance
- 15 vs 30
Cash Out Refinance
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Mortgage debt can be repaid over a longer period of time (up to 30 years) compared to other debts like medical expenses, credit cards, and student loans.
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With home values on the rise, tapping into your existing equity could mean more cash in hand than you expected when you first bought your home.
-
Mortgage interest is tax-deductible, by consolidating other debts into your mortgage you may be able to deduct the interest paid on it.
Conventional & Fixed Rate
Stick to your budget with a loan that’s simple and straightforward. A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.
-
Security and peace of mind with a monthly payment that does not change
-
Purchase your home with a down Payment as low as 3%
-
Interest remains unchanged for entire term of the loan
-
Ideal if you plan to stay in your home for years to come
Adjustable Rate
Take advantage of the lowest rates possible with an Adjustable Rate Mortgage. An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.
-
Take advantage of a low introductory mortgage rate
-
Enjoy low initial monthly payments
-
Ideal for those planning on moving within a few years
-
Pay off your mortgage with no penalties
VA Loans
A VA Loan lets you purchase your home with zero down and fewer restrictions. It’s designed specifically to help you purchase a home with fewer restrictions and with little to no down payment. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans’ Affairs and offers lower rates and lower payments.
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100% financing available
-
No monthly mortgage insurance
-
Lower interest rates and fees
-
Guaranteed by the VA
USDA Loan
You just might be surprised at how many areas in the United States are designated for USDA loans. The USDA (United States Department of Agriculture) loan, also known as a Rural Development loan is ideal for new home buyers purchasing a home in one of these designated USDA rural areas because of its low rates, no money down and 100% financing to qualified buyers. With zero required down payment this loan is perfect for home buyers who are concerned with funding and meeting the qualifying income requirements of a conventional loan.
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No money down required
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100% financing available for qualified buyers
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Take advantage of a lower interest rate
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Own a home in a designated USDA area
Renovation Loans
Whether you’re buying a fixer upper or looking to add value to your current home, we’ve got the right loan option for your home improvement project.
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Finance your home purchase and repairs in one loan
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Low down payment options and credit score requirements
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Build equity immediately after repairs are completed
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Competitive interest rates compared to other loans
15 Year Mortgage
In a 15-year fixed rate mortgage, you will be able to take advantage of a lower interest rate than you would with a 30-year fixed rate mortgage and you’ll own your home quicker too! It is a great way to save! A lower interest rate and a shorter term means that you will save thousands in interest over the life of your loan.
-
Take advantage of a lower interest rate
-
Save thousands on interest over the life of your loan
-
Gain 3x the paid equity compared to a 30-year mortgage
-
Pay off your mortgage faster
100% Financing
Purchase your dream home with no money down. Homespire Mortgage is proud to offer our new 100% financing program to help you open the doors to homeownership. Our new 100% Financing Program is an affordable housing option created to help home buyers purchase a home with little to no investment. Eligible home buyers can receive down payment assistance.
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Down payment assistance up to 3.5% amortized second mortgage
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Minimum credit requirement of 640
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30 Year fixed FHA mortgage
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No first-time home buyer requirement
Cash Out Refinance
Cash Out Refinance
-
-
Mortgage debt can be repaid over a longer period of time (up to 30 years) compared to other debts like medical expenses, credit cards, and student loans.
-
-
With home values on the rise, tapping into your existing equity could mean more cash in hand than you expected when you first bought your home.
-
-
Mortgage interest is tax-deductible, by consolidating other debts into your mortgage you may be able to deduct the interest paid on it.
Debt Consolidation Refinance
Conventional & Fixed Rate
Stick to your budget with a loan that’s simple and straightforward. A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.
-
-
Security and peace of mind with a monthly payment that does not change
-
-
Purchase your home with a down Payment as low as 3%
-
-
Interest remains unchanged for entire term of the loan
-
-
Ideal if you plan to stay in your home for years to come
Streamline Refinance
Adjustable Rate
Take advantage of the lowest rates possible with an Adjustable Rate Mortgage. An adjustable rate mortgage, also referred to as an ARM or variable rate, is a loan option with a low introductory rate. The interest rate with this mortgage will adjust over time (typically 5 to 7 years). Depending on changes in the financial index associated with your loan, your monthly payment will either increase or decrease.
- Take advantage of a low introductory mortgage rate
- Enjoy low initial monthly payments
- Ideal for those planning on moving within a few years
- Pay off your mortgage with no penalties
15 vs 30
VA Loans
A VA Loan lets you purchase your home with zero down and fewer restrictions. It’s designed specifically to help you purchase a home with fewer restrictions and with little to no down payment. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans’ Affairs and offers lower rates and lower payments.
-
-
100% financing available
-
-
No monthly mortgage insurance
-
-
Lower interest rates and fees
-
-
Guaranteed by the VA
Refinancing that’s right for you
Put more money back in your pockets!
Get started.
To refi or not to refi? Find out how much you can save by refinancing.
Discover how much your monthly payment could be as well as loan options that are best for your current situation.
It’s easy and straightforward to lower your monthly payment! Ready to get started?
Are you paying too much for your mortgage?
Let us do the math and find out how much you could
save each month.
