Last Updated: 04/18/2025
Affinity Mortgage Refinance
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Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
$50,000 - $5,000,000
Loan Term (Years)
10 - 30
Affinity Mortgage Refinance Review
Affinity Mortgage Refinance is offered by Affinity Mortgage, LLC (NMLS #2579), a direct lender founded in 2000 and based in Lenexa, KS. Affinity Mortgage are available in 11 states.
Key Takeaways
- Wide selection of mortgage programs offered. Affinity Mortgage Refinance refinances FHA, 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 $5,000,000 with Affinity Mortgage Refinance.
- Non-standard interest rates available. Affinity Mortgage 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.
Affinity Mortgage Refinance Pros & Cons
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Affinity Mortgage Refinance FAQ
What range of mortgage balances will Affinity Mortgage refinance?
Mortgage refinancing loans start at $50,000 and go up to $5,000,000
What is the maximum loan term for a mortgage refinance via Affinity 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. Affinity Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.
How long does Affinity Mortgage take to refinance?
Affinity 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 Affinity Mortgage charge a mortgage origination fee?
Yes, Affinity Mortgage Refinance will charge a loan origination fee .
What mortgage programs does Affinity Mortgage offer?
Affinity 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%.
- 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 Affinity Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Affinity Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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Hours of Operation
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Saturday
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