Refinance
Lower your rate, reduce your monthly payment, or access your home's equity with a cash-out refinance. Streamline options available for FHA and VA loans.
Refinance Guidelines
Loan Parameters
- Loan TypesRate/Term, Cash-Out, Streamline
- Loan Terms15, 20, 30 year fixed / ARM
- Max LTV (Rate/Term)97% (with PMI)
- Max LTV (Cash-Out)80%
- Min Credit Score620 (higher for cash-out)
- Seasoning Requirement6+ months for cash-out
Borrower Requirements
- Min Credit Score620
- Debt-to-Income RatioUp to 50%
- Employment History2+ years
- On-Time PaymentsLast 12 months
- Reserves Required2+ months for cash-out
Property Requirements
- Property TypesSFR, Condo, Townhome, 2-4 Unit
- OccupancyPrimary, Second Home, Investment
- Appraisal RequiredYes (except streamline)
- Equity RequiredFor cash-out
Why Refinance with HCMG?
Lower Your Rate
Reduce your interest rate and save thousands over the life of your loan.
Cash-Out Equity
Access your home's equity for renovations, debt consolidation, or major expenses.
Shorten Loan Term
Switch from a 30-year to a 15-year loan and build equity faster.
Remove PMI
If you have 20% equity, refinance to eliminate private mortgage insurance.