🏠 This residential loan program is exclusively available for Texas borrowers.
← All Loan Programs🔄 Rate/Term Refi
Rate & Term Refinance
Lower your rate or shorten your term — without taking cash out.
Apply for This LoanOverview
A rate and term refinance replaces your existing mortgage with a new loan at a better rate, a different term, or both — without changing the loan balance. It's the most common refinance used to reduce monthly payments, shorten payoff time, or switch from an ARM to a fixed rate.
- Reduce monthly payment with a lower rate
- Pay off faster by shortening to 15 years
- Switch from adjustable to fixed rate for stability
Loan Specifications
Min Amount
$50,000
Max Amount
No limit
Loan Term
10, 15, 20, or 30 years
Max LTV
Up to 97%
Amortization
10–30 years
Rate Type
Fixed or ARM
Eligibility Criteria
- Existing mortgage on primary, secondary, or investment property
- Minimum 620 credit score (660+ for best rates)
- Sufficient equity in property (20%+ preferred)
- Steady income and employment
Required Documents
Documents are uploaded through our encrypted secure portal, stored on Cloudflare R2 enterprise storage, and only accessible to your assigned broker via a private link. Never shared with third parties.
- Recent mortgage statement
- 2 years tax returns and W-2s
- Last 30 days pay stubs
- 2 months bank statements
- Property appraisal