Even if you owe more than the appraised value you can qualify for a lower rate and refinance up to 105% of the appraised value. You don't pay us anything and you get a Free Rebate.

If you have at least 20% home equity please check the rates on the Refinance Page.

The rates and terms below are ONLY for Up To 105% Loan To Value refinancing.

95% LTV

 $417,000 Loan

APR *
30 Yr Fixed
Rates
Free Rebate
Online Special
APR Fees
Payments
Accord Loans
4.784%
4.750%
N/A
$1,625
$2,175.27
Accord Loans
4.888%
4.875%
$325
$950
$2,206.80

There are wholesale pricing adjustments for Up To 105% LTV, lower FICO scores, Condominiums, Investment Properties, Mutiple Units, Loan Amount, etc.

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The rates for Up To 105% Loan To Value refinancing are slightly higher because you are borrowing more than the current value of the home. You need to compare apples to apples. If your loan balance is over 80% of the appraised value this is the best program available without paying mortgage insurance.

Freddie Mac & Fannie Mae Guidelines and Partial Requirements

1. The purpose is to reduce mortgage payments and obtain a fixed rate mortgage.

2. Only available for Conforming loan amounts that currently have No Mortgage Insurance.

If the existing loan does not have Mortgage Insurance, then Mortgage Insurance is not required for the new loan.

3. Not available for FHA, VA, or Rural Housing (USDA), Reverse Mortgages, or Second Mortgages.

4. Up To 105% of the first mortgage balance and unlimited Total Loan To Value if there is a second mortgage.

Existing second mortgages must subordinate to stay in the current position. No new subordinate financing or replacement financing allowed.

Example:
First Mortgage: $300,000
Second Mortgage: $100,000
Value of the home: $285,000
New refinanced loan amount $299,250 with a subordinated second mortgage of $100,000. The Total Loan To Value would be over 140% of the appraised value.

5. No minimum FICO score, except 620 minimum FICO if the new principal and interest payment is 20% or more above existing payment. Bankruptcy, foreclosure, and mortgage history restrictions apply.

6. Maximum 45% Debt to Income ratio if the new principal and interest payment is 20% or more above the existing principal and interest.

7. Additional conditions, pricing adjustments, and restrictions apply. Subject to change without notice.



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