in Mortgage Refinance from McLean MortgageUnaffiliated
|Loan Term (Years)||10 - 30|
|Loan Amount||Up to $2,000,000|
Where does McLean Mortgage do business?
McLean Mortgage is a direct lender based in Fairfax, VA. The company was founded in 2008 and offers mortgage refinancing to borrowers in 9 states across the USA (and Washington, DC).
What is the maximum loan term for a mortgage refinance via McLean Mortgage?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. McLean Mortgage offers mortgages refinancing with terms ranging from 10 to 30 years.
Does McLean Mortgage charge a mortgage origination fee?
Yes, McLean Mortgage may charge a loan origination fee.
What mortgage programs does McLean Mortgage offer?
McLean Mortgage 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%.
- 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 McLean Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. McLean Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- North Carolina
- South Carolina
- West Virginia