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Refinance Loan Options

A Quick Snapshot of Your Refinance Options

Conventional

A Conventional loan is ideal for borrowers with a solid credit history and steady income. With flexible down payment options starting at 3% and competitive interest rates, this loan type provides a reliable path to homeownership. It’s perfect for those looking to avoid mortgage insurance with a 20% down payment.

FHA Loan

The FHA loan is designed for those with lower credit scores or limited funds for a down payment. With credit scores accepted as low as 500 and down payments as low as 3.5%, it offers a flexible route to homeownership, providing a great opportunity for first-time buyers or those with credit challenges.

VA Loan

Exclusively for veterans, active-duty service members, and eligible spouses, the VA loan offers unbeatable benefits like no down payment, no private mortgage insurance, and competitive interest rates. Even with credit scores as low as 500, VA loans provide a hassle-free path to homeownership, honoring the service of our nation's heroes.

Bank Statement Loan

Bank Statement Loans are perfect for self-employed borrowers or those with non-traditional income. Instead of traditional income documentation, these loans use bank statements to verify income, making it easier for you to qualify for a mortgage based on your cash flow, not your tax returns.

DSCR Loan

A DSCR (Debt Service Coverage Ratio) loan is designed specifically for real estate investors. Unlike traditional loans that primarily focus on the borrower's personal income and credit score, DSCR loans solely focus on the actual/potential income-generating property being financed.

Asset Based/Depletion Loan

Instead of relying on conventional income verification methods, such as W2s or tax returns, these loans leverage a borrower's liquid assets as the primary basis for qualification by assessing the value of these assets and employ a formula to calculate a hypothetical monthly income that can be attributed to them.

No Ratio | No Income Loan

A "no ratio" mortgage loan, also known as a no-income loan, is a type of home loan that does not consider the borrower's debt-to-income ratio (DTI) or require verification of their income during the application process. Typically a borrower must have a strong credit score, as well as necessary reserves and home equity.

Manufactured Home Loan

Manufactured Home Loans provide financing for both new and existing manufactured homes, offering competitive rates and flexible terms. Whether you’re purchasing or refinancing, this loan option is ideal for those looking for affordable housing alternatives without compromising on quality or comfort.

Jumbo Loan

Jumbo loans are tailored for those looking to finance luxury properties or homes in high-cost areas. These loans exceed the conforming loan limits and offer competitive rates and flexible terms. With a strong credit profile and a sizable down payment, you can finance your dream home with a Jumbo loan.

USDA Loan

USDA loans offer zero down payment options for those looking to purchase in eligible rural and suburban areas. With competitive interest rates and flexible credit requirements, this loan type is ideal for low-to-moderate income buyers seeking affordable homeownership opportunities outside urban settings.

Lower payments with flexible refinance loans

Refinance loan options allow homeowners to adjust their mortgage terms, potentially lowering monthly payments or securing a better interest rate. These loans can also be used to tap into your home’s equity, providing funds for renovations, debt consolidation, or other financial needs. Whether you want a fixed or adjustable rate, refinancing offers flexible solutions tailored to your goals. Our team of experts will guide you through the process, helping you evaluate costs, benefits, and long-term savings.

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What Is Your Refinance Purpose?

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Renovating your home or Paying down high-interest debt?

Use My Equity

Lowering your monthly outlay or Planning for retirement?

Reduce Payments

Want to become mortgage-free faster?

Shorten My Term

Why choose Select Home Loans?

  • Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Non-QM Loans, HELOC’s and Seconds Mortgages.
  • Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
  • Quick and efficient closings: E-signing and in-house underwriting streamline the process.
  • Customized service: Solutions crafted to meet your specific requirements.
  • Established credibility: A solid track record of trust and excellence.
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Transforming Your Financial Goals Into Reality

15

Average to Close

3500

People found their dream home with Select Home Loans

40

More savings than you would get with some of our competitors

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Hear What Our Clients Have To Say!

“While visiting my wife's parents who have lived in Florida for a number of years, my wife and I decided to look for a new home. After looking at several homes for sale, my wife and I found the home we wanted. We mentioned to our real estate agent that we would need to obtain a mortgage as it would probably be a year until we were ready to sell our home in New Jersey and he recommended that we contact Select Home Loans. That was the best advice we received. Although we were some 1,300 miles away, our David Shefsky at Select Home Loans walked us through each step requesting the necessary documentation he needed. Two months later, we had our mortgage. One year after that, we became permanent Florida residents and Select Home Loans helped us achieve our goal. Thank you”

Re S.Boca Raton, FL

“I just wanted to send a note to thank you for all of your support and guidance throughout the mortgage process while purchasing our home. It could have been a nerve-racking experience and you very calmly guided me along the way and certainly made the experience much better than it easily could have been. Once again, thank you. It was a pleasure doing business with you and Select Home Loans.”

Isabel B & Gerald BWest Palm Beach, FL

“Thank you Scott, for your superb assistance with Barry & Sally! Really appreciate working with people that take their profession to that next level like you!”

Miriam L.Orlando, FL

“When I found a house I wanted to purchase, was new to the area and just picked a mortgage company out of a hat. Fortunately, this was Select Home Loans and my experience working with my Mortgage Banker was excellent. He was professional, knowledgeable, and efficient, as was his office staff. Although I had the financial resources to pay for the house, my financial situation was unusual, and he was up to the challenge of working out a loan for me with a good interest rate. From start to finish, the process went smoothly and without any surprises. Any potential hitches were dealt with quickly and effectively; his manner was always pleasant and he made himself very available. No long waits for him to call back. I highly recommend Select Home Loans.”

Judy M.Boca Raton, FL