Ready to buy a home and have at least a 620 credit score? You may qualify for a conventional loan with as low as a 3% down payment.
refinance / 30 Year
Lower your payments with a 30-year refinance
Give your budget a break and save money on your monthly payments by replacing your current mortgage with a 30-year loan that can have better terms. Terms may apply. For more details regarding the terms of repayment and APR, get started below.
Need to secure a lower interest rate or tap your equity for a home improvement project? A 30-year loan can help you with your financial goals. Terms may apply. For more details regarding the terms of repayment and APR, get started below.
Take time to explore all of our different loan options.
LOAN OPTION
Conventional
LOAN OPTION
Jumbo
If you live in a high-cost area or need a mortgage that exceeds conforming loan limits, a jumbo loan might be the right product for you.
LOAN OPTION
USDA
Certain buyers may benefit from a USDA loan depending upon their income or the home’s location. Another bonus: No down payment is needed.
LOAN OPTION
Adjustable-Rate Mortgage
ARMs often start out with lower interest rates than fixed-rate loans. You may want to consider an ARM if you believe your income may grow as the interest rate and payment increases.
LOAN OPTION
FHA
If making a down payment is difficult or your credit has taken some hits, consider an FHA loan. These flexible government loans could be a budget-friendly option.
LOAN OPTION
VA
If you’re a veteran, servicemember or surviving spouse, you could get qualified for a mortgage with fewer requirements and no down payment.
Homeowners choose to refinance for a variety of reasons: to navigate financial crisis, secure lower interest rates or change the length of their loans. Refinancing can be used as a tool to save you money and potentially lower your mortgage payments. Apply and see how 30-year refinance rates can benefit you.
What is a 30-Year Refinance?
A 30-year refinance is the act of replacing an existing mortgage loan with a new loan likely with more favorable terms. To do this, a borrower takes out a new mortgage loan to pay off their existing mortgage. With new 30-year mortgage refinance rates, a borrower potentially can secure a lower monthly payment and can save money.
Pros and Cons of 30-Year Refinance Rates and Terms
There are many reasons a homeowner may choose to or not to refinance:
Pros
- Lower, more affordable monthly payments
- Greater flexibility
- Put money toward savings
- Qualify for higher loan amounts
- Option to pay extra each month
- Predictable monthly mortgage payment
Cons
- Pay more in interest over the life of the loan
- Slower to build home equity
- Payments for a longer period of time
Reasons to Choose a 30-Year Refinance
A 30-year refinance is a good thing to consider if your current interest rate is higher than the current 30-year refinance rates available. Refinancing to secure a lower interest rate or refinancing a current adjustable-rate mortgage to a fixed-rate mortgage could potentially save you money.