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USDA Refinance Options

One of the benefits of USDA Loans is their ability to be refinanced. If you have a USDA loan and are looking to lower your interest rate there are three refinancing options: USDA Streamline Refinancing, USDA Assist-Refinancing, or Non-Streamline Refinancing.

Streamline Refinance

If you’ve received a USDA loan and feel that your rate is higher than the current rate, refinancing your loan is an option. However, there are a few requirements to meet before you begin the refinancing process.

Streamline-Assist Refinance

This is often seen as the most favorable refinance option. Although requirements are very similar to streamline refinancing there are a few aditional requirments.

Non-Streamline Refinance

The USDA’s non-streamline option is again, very similar to the USDA streamline. The primary difference is, borrowers are required to get a new appraisal. Borrowers considering this refinance option may do so to receive an updated appraisal on their home or to avoid the $50 payment reduction requirement for the streamline-assist.

How Do I Qualify for a USDA Streamline Refinance?

How can you take advantage of lower interest rates and reduce your monthly payments when you have a USDA mortgage? USDA loans can be refinanced with the USDA Streamlined-Assist Refinance program and one of the best features... Read More

USDA Streamlined-Assist Refinance

Can you refinance a USDA loan? The USDA Streamlined-Assist Refinance is an available loan program  that allows homeowners with an  existing USDA mortgage to take advantage of lower interest rates and reduce their monthly... Read More

What is the USDA refinance streamlined assist program?

What is the USDA refinance streamlined assist program? USDA has announced a new refinance program that is designed to help borrowers with existing USDA mortgages take advantage of lower rates. The program is able to streamline... Read More

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