homeloans-cs@sonariz.com

Call Us Today: 928-782-6900

homeloans-cs@sonariz.com

Call Us Today: 928-782-6900

REFINANCE

Refinancing your home is a great way to lower your interest rate, lower your payment, or cash out on your home’s equity. As with a home purchase, there are multiple programs available to you. These programs are listed below.

A home refinance is a much simpler process. There is no need for a real estate agent. There is even a possibility that you will not need a home appraisal. 

Loan Programs

White home in Arizona

Conventional

These loans are not government-insured or endorsed. Requires mortgage insurance if the loan-to-value ratio is greater than 80%. Down payment requirements vary on purchase terms.

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FHA

Government-insured program. Mortgage insurance is required throughout the life of the loan. Down payment as low as 3.5%. FICO scores as low as 500 are eligible*.

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VA

Government-insured program for current and past military personal and their families. No down payment required. Upfront funding fee required. No monthly mortgage insurance.

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RHS (USDA)

Government-guaranteed program for low-to-moderate-income rural residents. No down payment required. No minimum FICO score. First time or repeat buyers are eligible. 

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