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  1st Alliance Mortgage Refinance
1st Alliance Mortgage Refinance
in Mortgage Refinance from 1st Alliance Mortgage, LLC · NMLS ID #1407
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1st Alliance Mortgage Refinance

Unaffiliated
in Mortgage Refinance from 1st Alliance Mortgage, LLC · NMLS ID #1407
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Highlights
Loan Amount Up to $424,100
Loan Term (Years) 15 - 30 years

1st Alliance Mortgage Refinance Review

1st Alliance Mortgage Refinance is offered by 1st Alliance Mortgage, LLC (NMLS #1407), a direct lender founded in 2002 and based in Houston, TX. 1st Alliance Mortgage Refinance is available in 1 state across the USA.

Key Takeaways

  • Only two mortgage programs offered. 1st Alliance Mortgage Refinance refinances FHA VA conforming and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Standard interest rates types. 1st Alliance Mortgage Refinance offers and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

1st Alliance Mortgage Refinance Pros & Cons

Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 1 state.

1st Alliance Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via 1st Alliance Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. 1st Alliance Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.

How long does 1st Alliance Mortgage Refinance take to refinance?

1st Alliance Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does 1st Alliance Mortgage Refinance charge a mortgage origination fee?

Yes, 1st Alliance Mortgage Refinance will charge a loan origination fee.

What mortgage programs does 1st Alliance Mortgage Refinance offer?

1st Alliance Mortgage Refinance offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does 1st Alliance Mortgage Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. 1st Alliance Mortgage Refinance allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Other Services by 1st Alliance Mortgage, LLC

Availability

  Available in 1 state
Texas
Availabile in all of Texas

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Loan Term 15 - 30 years
Loan Amount Up to $424,100
Mortgage Programs
  • FHA
  • VA

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