Sierra Pacific Mortgage Refinance

Sierra Pacific Mortgage Refinance Review

Sierra Pacific Mortgage Refinance is offered by Sierra Pacific Mortgage (NMLS #1788), a direct lender founded in 1986 and based in Folsom, CA. Sierra Pacific Mortgage Refinance are available in 49 states (and Washington, DC).

Key Takeaways

• 6 different mortgage programs offered. Sierra Pacific Mortgage Refinance refinances FHA, FHA 203k, HomePath, 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. Sierra Pacific 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.

Sierra Pacific Mortgage Refinance Pros & Cons

Pros	Cons
Available in 49 states.	Charges an origination fee. Charges prepayment fees.

Sierra Pacific Mortgage Refinance FAQ

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

How long does Sierra Pacific Mortgage take to refinance?

Sierra Pacific 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 Sierra Pacific Mortgage charge a mortgage origination fee?

Yes, Sierra Pacific Mortgage Refinance will charge a loan origination fee.