Refinance Programs Comparison

Refinance Programs Comparison

Find the Mortgage Refinancing Program That is Right for You

Mortgage Refinancing Program Table
Allowable
Home Use
Max Loanto Value (LTV) Max Loan
Amount
Minimum
Credit Score
Max Debtto Income (DTI) Monthly
Mortgage
Insurance
HARP Primary

Second

Investment

Rate/Term: Unlimited

Cash-out: NA

$625,500

FHA County

Loan Limits

NA Fannie-65%

Freddie-NA

No, unless existing mortgage has it
Conventional Refinance Primary

Second

Investment

Rate/Term: 95%

Cash-out: 80%

$417,000 620 45% Yes, over 80%
Conventional High Balance Refinance* Primary

Second

Investment

Rate/Term: 90%

Cash-out: 75%

$625,000

County Loan Limits

Rate/term-620

Cash out-640

45% Yes, over 80%
FHA Refinance Primary Rate/term -97.5%

Cash out -85%

$271,050 – $625,000

FHA County

Loan Limits

580 47/57 Yes
VA Refinance Primary 100% $625,500 (more – case by case)

VA CountyLoan Limits

600 43% (Higher with compensating factors) No
USDA Refinance Primary Rate/term – 100%

Cash out – NA

$417,000 620 29/41% Yes
Jumbo Portfolio Refinance Primary

Second

Investment

55% – 80% $3,000,000 Rate/term-620

Cash out-640

50% No
Reverse Mortgage Primary Varies Varies NA NA Yes