Refinance Mortgages
A refinance mortgage is made to pay off your existing mortgage and/or to provide you with some of the equity from your home as cash back at closing.
The information below is for Conforming Refinance Mortgages. These are mortgages that "conform" to the most attractive program guidelines. Loans that are Conforming usually get the best interest rate available.
These mortgages are available for the purchase of Primary Residences, Second Homes, and Investment Properties. The types of properties that can be purchased are Single Family Residences, Townhomes, Condos, Multi-Family Residences (up to 4 units), and Manufactured Homes.
The maximum amount of these mortgages is determined by the number of dwelling units.
In our tougher real estate market you may have seen your property values decline to the point where you can not refinance your home. Now there is a program for you. Learn more about your options with a Making Home Affordable Refinance
Maximum Loan Limits for Conforming Mortgages |
|
| Property Type | Loan Limit |
| One - Family | $417,000 |
| Two - Family | $533.850 |
| Three - Family | $645,300 |
| Four - Family | $801,950 |
