|Loan Amount||Up to $1,500,000|
|Loan Term (Years)||15 - 30 years|
Certainty Home Loans Mortgage Refinance Review
Certainty Home Loans Mortgage Refinance is offered by Certainty Home Loans (NMLS #2146), a direct lender founded in 2000 and based in Plano, TX. Certainty Home Loans Mortgage Refinance is available in 14 states (and Washington, DC).
- 4 different mortgage programs offered. Certainty Home Loans Mortgage 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.
- Non-standard interest rates available. Certainty Home Loans 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 early.
Certainty Home Loans Mortgage Refinance Pros & Cons
Certainty Home Loans Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via Certainty Home Loans?
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. Certainty Home Loans Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does Certainty Home Loans take to refinance?Certainty Home Loans 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 Certainty Home Loans charge a mortgage origination fee?
Yes, Certainty Home Loans Mortgage Refinance will charge a loan origination fee.
What mortgage programs does Certainty Home Loans offer?
Certainty Home Loans 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.
- 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 Certainty Home Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Certainty Home Loans Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- North Carolina
- South Carolina