USDA Refinance Loans allow existing USDA Direct Loan and USDA Guaranteed Loan borrowers to refinance to a lower interest rate. Homeowners with an existing USDA Loan can take advantage of special USDA Refinance options and potentially obtain a new USDA Refinance Loan at a much lower interest rate.

By refinancing an existing USDA Loan, homeowners will be able to take advantage of the following USDA Refinance benefits:
USDA LoanUSDA Refinance avaialble even if the house is worth less than the current mortgage
USDA LoanNo appraisal report requirement when completing a USDA Refinance of an existing USDA Guaranteed Loan
USDA LoanNo closing cost option for qualified USDA Refinance loan borrowers
USDA LoanCan still obtain a USDA Refinance even if the house is no longer in a designated USDA Loan eligible area
Learn More About Your USDA Refinance Loan Options
Step 1 of 3 : Existing Loan Information
Current Loan Servicer:
What State:
Approx Loan Amount:
Current House Value:
Current Interest Rate:
Free Consultation! No Obligation and No Personal Information Required.
Get Qualified For The USDA Rural Development Loan
Step 2 of 3 : About You
When are you looking to refinance:
Estimate your credit:
Last 12 Month Mortgage Payment History:
Free Consultation! No Obligation and No Personal Information Required.
Get Qualified For The USDA Rural Development Loan
Step 3 of 3 : Your Contact Information
Full Name
Email Address
Phone
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USDA Refinance Loans allows homeowners with a USDA Guaranteed or USDA Direct Loan to refinance to obtain a lower interest provided the following guidelines are met:

Household income cannot exceed current USDA Loan eligibility requirements
On-time mortgage payment history within the last 12 months
USDA Refinance loan cannot exceed current outstanding principal balance plus the 2% upfront USDA Refinance Guarantee Fee
USDA Refinance Borrower benefit:
No appraisal report option - Minimum 1% interest rate reduction
Recoup transaction cost in five years or less
Appraisal report requirements:
Guaranteed USDA Refinance - Not required
Direct USDA Refinance - Appraisal report required