FHA Jumbo Home Loan Refinance Program

With an FHA Jumbo Refinance Loan you can lower the interest rate on your existing mortgage or consolidate debt, even if your loan amount exceeds conforming limits..

FHA Jumbo Home Loan Refinance Loans help homeowners refinance mortgages that exceed conventional loan limits while benefiting from the flexible requirements of FHA-backed loans. These programs cater to borrowers with higher loan balances who may not qualify for traditional jumbo loans due to credit or financial constraints. One key advantage of FHA jumbo refinance loans is the lower down payment and credit score requirements compared to conventional jumbo loans. Borrowers with credit scores as low as 580 may qualify, while conventional jumbo loans typically require much higher scores. Additionally, FHA jumbo refinances offer competitive interest rates and allow borrowers to include closing costs in the loan amount, reducing upfront expenses. FHA jumbo Refinance options include rate-and-term refinancing, which helps homeowners secure better interest rates or loan terms, and cash-out refinancing, which enables them to tap into their home equity for expenses such as home improvements or debt consolidation. However, these loans require mortgage insurance premiums (MIP), which add to the overall cost. Despite the added insurance fees, FHA jumbo refinance loans remain an attractive option for borrowers looking for flexible qualification requirements and government-backed security while refinancing high-balance mortgages. Understanding the eligibility criteria and loan terms is essential to making an informed financial decision.

Some of these features include:

  • Lower Credit Scores

  • Little (or No) Down-Payment Programs

  • Gifts can be used as the down payment

  • No Income Limits

  • 'Good Neighbor Next Door' Programs

  • 'Home Path Ready Buy Programs' to purchase previously foreclosed homes.

  • Energy-efficient mortgage FHA Loan Program and allows borrowers to combine the cost of energy-efficient upgrades into their FHA Loan loan upfront(without a larger down payment.)

  • FHA 203k Loans An FHA Backed Loan that lets you purchase a 'Fixer-Upper' home and borrow the money you may need up-front to pay for home improvement projects.

 

The important step in securing your FHA loan is to get an FHA Pre-Approval Letter. The peace of mind that comes with knowing that your mortgage loan has been pre-approved will allow you to proceed with confidence.

FHA Debt Consolidation Application