Main Street Mortgage offers a variety of refinance options to assist homeowners in taking advantage of today's lower rates.

FHA Loan Holders - This is a great time for you! Lenders have recently been offering great incentives to attract refinance customers. If your current mortgage is an FHA loan, you can refinance via the FHA Streamline Refinance program with no appraisal required, and reduced closing costs in most cases.

For homeowners with at least 20% equity in their home, we offer 10, 15, 20 and 30 year conventional refinancing terms. Fixed and adjustable rates are available. Many homeowners are taking advantage of the current low rates to change the term of their mortage to a shorter duration to pay off their home sooner.

If you are close to or slightly underwater on your home's equity, you still may be able to refinance. Owners of Fannie Mae and Freddie Mac loans that were obtained before May of 2009 may be able to refinance up to 105% the value of the home. Both the Fannie Mae and Freddie Mac programs were implemented to assist homeowners who cannot refinance due solely to declining home values. You must be current on your mortgage for the year and fit other qualifying criteria. 


Main Street Mortgage NMLS #26450