Last Updated: 04/18/2025
Absolute Home Mortgage Corporation Refinance
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Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
$50,000 - $3,000,000
Loan Term (Years)
10 - 30
Absolute Home Mortgage Corporation Refinance Review
Absolute Home Mortgage Corporation Refinance is offered by Absolute Home Mortgage Corporation (NMLS #176743), a direct lender founded in 1998 and based in Woodland Park, NJ. Absolute mortgage are available in 9 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Absolute Home Mortgage Corporation Refinance refinances FHA, FHA 203k, USDA, 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.
- Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with Absolute Home Mortgage Corporation Refinance.
- Non-standard interest rates available. Absolute Home Mortgage Corporation Refinance only offers hybrid mortgages.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Absolute Home Mortgage Corporation Refinance Pros & Cons
| Pros | Cons |
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Absolute Home Mortgage Corporation Refinance FAQ
What range of mortgage balances will Absolute mortgage refinance?
Mortgage refinancing loans start at $50,000 and go up to $3,000,000
What is the maximum loan term for a mortgage refinance via Absolute mortgage?
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. Absolute Home Mortgage Corporation Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.
How long does Absolute mortgage take to refinance?
Absolute mortgage 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 Absolute mortgage charge a mortgage origination fee?
Yes, Absolute Home Mortgage Corporation Refinance will charge a loan origination fee .
What mortgage programs does Absolute mortgage offer?
Absolute Home Mortgage Corporation 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%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- 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 Absolute mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Absolute Home Mortgage Corporation Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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