Looking for just the rate reduction home loan programs in Metairie, LA that fit your unique situation? Start your free personalized mortgage review by clicking here.
Popular Rate Reduction Loan Programs
Check out the most popular rate reduction loan programs in Metairie, LA
97% LTV Conventional Refinance
Most PopularBest For: Flexible Terms, Rate Reduction
Fannie Mae's 97% LTV Refinance allows for high loan to value ratios—so those with limited equity can refinance to a lower rate or different term.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$806,500
FHA Rate-and-Term Refinance
Most PopularBest For: Rate Reduction, Low Credit Scores, Easy Process
Reduce your interest rate, change your terms, or lower your mortgage insurance obligation with limited home equity and an easier process.
Min. Credit Score
580
Min. Down Payment
2.25%
Max. Loan Amount
$524,225 - $806,500
Rate Reduction Options for Refinancing a Home
We searched our national mortgage program database to find all of the refinance loan options specific to Metairie, LA:
HomeOne® Rate-and-Term Refinance
Best For: Limited Equity, Rate Reduction, Easy Process
HomeOne® from Freddie Mac allows for a 97% LTV refinance—so those with limited equity can refinance to a lower rate or different term.
Min. Credit Score
620
Min. Equity
3%
Max. Loan Amount
$806,500
97% LTV Conventional Refinance
Best For: Flexible Terms, Rate Reduction
Fannie Mae's 97% LTV Refinance allows for high loan to value ratios—so those with limited equity can refinance to a lower rate or different term.
Min. Credit Score
620
Min. Equity
3%
Max. Loan Amount
$806,500
RefiNow™ Refinance
Best For: Rate Reduction, Easy Process
A new, faster, and more affordable way to refinance your existing home loan to a lower rate or shorter term with fewer qualification obstacles.
Min. Credit Score
N/A
Min. Equity
3%
Max. Loan Amount
$806,500
FHA Rate-and-Term Refinance
Best For: Rate Reduction, Low Credit Scores, Easy Process
Reduce your interest rate, change your terms, or lower your mortgage insurance obligation with limited home equity and an easier process.
Min. Credit Score
580
Min. Equity
2.25%
Max. Loan Amount
$524,225 - $806,500
FHA Streamline Refinance
Best For: Rate Reduction, Low Credit Scores, Easy Process
Refinance your existing FHA mortgage with limited documents and fewer steps in order to lower to your monthly mortgage expense.
Min. Credit Score
640
Min. Equity
0%
Max. Loan Amount
$524,225 - $806,500
How It Works
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