Looking for just the rate & term refinance home loan programs in USA that fit your unique situation? Start your free personalized mortgage review by clicking here.
Popular Rate & Term Refinance Loan Programs
Check out the most popular rate & term refinance loan programs in USA
HomeReady® Refinance
Most PopularBest For: Low Credit Scores, Lowest Rates
Competitive pricing, affordable mortgage insurance and flexible qualification for refinancing a home with limited income and equity.
Min. Credit Score
620
Min. Down Payment
5%
Max. Loan Amount
$766,550
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
$766,550
Rate & Term Refinance Options for Refinancing a Home
We searched our national mortgage database to find all of the refinance home loan options for Rate & Term Refinance available in USA:
HomeReady® Refinance
Best For: Low Credit Scores, Lowest Rates
Competitive pricing, affordable mortgage insurance and flexible qualification for refinancing a home with limited income and equity.
Min. Credit Score
620
Min. Equity
5%
Max. Loan Amount
$766,550
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
$766,550
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
$766,550
Conventional High-Balance Rate-and-Term Refinance
Best For: Large Loan Amounts, Lowest Rates, Easy Process
Conventional refinancing above the conforming limit in high cost counties with flexible qualification for qualified homeowners.
Min. Credit Score
620
Min. Equity
5%
Max. Loan Amount
$816,500 - $1,149,825
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
$766,550
Special Programs for Rate & Term Refinance
These additional loan programs available in USA may provide help for down payment and closing costs, qualification for borrowers who don't fit the traditional mold, and unique portfolio programs for special situations.
HomeStyle® Renovation Refinance
Best For: Savvy Investors, Home Renovations
With HomeStyle®, homeowners can refinance with a budget for renovations, allowing them to turn their house into their dream home.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$766,550
Up to 75% of Price or ValueYour Estimated Renovation Fund
FHA 203(k) Limited Renovation Refinance
Best For: Limited Equity, Low Credit Scores, Home Renovations
A government-insured loan program that provides up to $35,000 for minor remodeling and non-structural repairs.
Min. Credit Score
620
Min. Down Payment
2.25%
Max. Loan Amount
$498,257 - $1,149,825
Up to $35,000 for RenovationsYour Estimated Renovation Fund
FHA 203(k) Standard Renovation Refinance
Best For: Limited Equity, Low Down Payments, Home Renovations
The FHA 203(k) Standard allows borrowers to refinance and include for the cost of renovations in the loan, with as little as 2.25% equity in the home.
Min. Credit Score
620
Min. Down Payment
2.25%
Max. Loan Amount
$498,257 - $1,149,825
Up to 50% of Price or ValueYour Estimated Renovation Fund
CHOICERenovation® Refinance
Best For: Savvy Investors, Home Renovations
Refinance with funds for home improvements and repairs with this convenient and flexible program for renovations from Freddie Mac.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$766,550
Up to 75% of Price or ValueYour Estimated Renovation Fund
CHOICERenovation® High-Balance Refinance
Best For: Large Loan Amounts, Home Renovations
Refinance above the conforming loan limits with funds for home improvements and repairs with this convenient and flexible renovation loan program.
Min. Credit Score
620
Min. Down Payment
5%
Max. Loan Amount
$816,500 - $1,149,825
Up to 75% of Price or ValueYour Estimated Renovation Fund
* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers.
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