Last Updated: 04/18/2025
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Axos Bank Mortgage Refinance Review
Key Takeaways
- Wide selection of mortgage programs offered. Axos Bank Mortgage Refinance refinances FHA, VA, jumbo, conforming, and conventional mortgages.
- Financing for a variety of property types. Offers refinancing for manufactured, single, and multi-family homes.
- Only considers small to medium mortgage amounts. Axos Bank Mortgage Refinance has a maximum loan amount of just $250,000.
- Non-standard interest rates available. Axos Bank 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.
- High maximum LTV ratio. Axos Bank Mortgage Refinance has a maximum loan to value ratio of 97%, which is higher than average. Most lenders want you to have at least 20% equity.
Axos Bank Mortgage Refinance Pros & Cons
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Axos Bank Mortgage Refinance FAQ
What range of mortgage balances will Axos Bank mortgage refinance?
What is the maximum loan term for a mortgage refinance via Axos Bank mortgage?
How long does Axos Bank mortgage take to refinance?
Axos Bank 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 Axos Bank mortgage charge a mortgage origination fee?
What mortgage programs does Axos Bank mortgage offer?
- 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%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- 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 Axos Bank mortgage allow?
- Primary home
- Secondary homes and vacation properties
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SuperMoney Net Recommendation Score
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Axos Bank Mortgage Refinance Community Reviews
Would you recommend Axos Bank Mortgage Refinance to your friends?
Mazhar C.
Nov 25, 2022
May or may not recommend
Robelys F.
May 22, 2022
May or may not recommend
Showing 2 of 2 reviews
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