If you’re ready to refinance and have good credit and a low debt-to-income (DTI) ratio, a Conventional Loan Program is a good option to explore.
If you’re looking to refinance but may not qualify for a conventional loan, the FHA Loan Program may be a good option for you.
If you’re ready to refinance your property and it falls outside of conforming mortgage purchase limits, the Jumbo Loan Program is an option to explore.
The VA Loan Program benefit doesn’t run out, which means you can use it for the first time or any time after that. So if you’re looking to refinance and you meet the established service requirements, this could be a great program to explore.
If your home is in rural or suburban America and you’re looking to refinance, the USDA Loan Program could be for you. It’s designed for those looking for an alternative to traditional lending options.
If you’re age 62 or older and are looking to access the equity in your existing home, the Reverse Mortgage Program is an option to explore. Common uses for this equity loan is paying monthly bills, making home improvements, helping family members, or access to additional cash for unexpected expenses.
Atlantic Coast Mortgage, LLC (“ACM”) is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, or the Federal or State Government.
USDA loans include a one-time upfront guarantee fee equal to 1% of the total loan amount and an annual fee of 0.35% of the outstanding loan balance, paid monthly as part of your mortgage payment. Income and property eligibility requirements apply. For full details, visit https://eligibility.sc.egov.usda.gov.
Borrower pays only the interest on the mortgage through monthly payments for the fixed term of the loan. Borrowers are required to pay off the principal of the loan. Borrowers are also required to make a one-time balloon payment due 6 months from the date of closing.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
