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  Acre Mortgage Refinance

Acre Mortgage Refinance

in Mortgage Refinance from Acre Mortgage & Financial, Inc · NMLS ID #13988

Unaffiliated

Acre Mortgage Refinance

Unaffiliated

in Mortgage Refinance from Acre Mortgage & Financial, Inc · NMLS ID #13988

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Highlights
Loan Amount Up to $3,000,000
Loan Term (Years) 15 - 30 years

Acre Mortgage Refinance Review

Acre Mortgage Refinance is offered by Acre Mortgage & Financial, Inc (NMLS #13988), a direct lender founded in 1993 and based in Marlton, NJ. Acre Mortgage Refinance is available in 11 states (and Washington, DC).

Key Takeaways
  • 5 different mortgage programs offered. Acre Mortgage Refinance refinances FHA, FHA 203k, HARP, 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.
  • Non-standard interest rates available. Acre Mortgage Refinance offers hybrid mortgages 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 refinance loan early.
Acre Mortgage Refinance Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 11 states.
Acre Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Acre 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. Acre Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.

Does Acre Mortgage Refinance charge a mortgage origination fee?

Yes, Acre Mortgage Refinance will charge a loan origination fee.

What mortgage programs does Acre Mortgage Refinance offer?

Acre 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%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.
  • HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
  • 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 Acre Mortgage Refinance allow?

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

  • Primary home
  • Secondary homes and vacation properties
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Other Services by Acre Mortgage & Financial, Inc

Availability

  Available in 11 states and Washington, D.C.
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Maryland
  • Massachusetts
  • New Jersey
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Virginia

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Loan Term 15 - 30 years
Loan Amount Up to $3,000,000
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • FHA 203k
  • HARP
  • USDA
  • VA
Terms 1/1, 3/1, 5/1, 7/1, 10/1, 15, 20, 30 years

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