skip to main content
affordable home refinancing
Lower your monthly mortgage payment, reduce your interest rate, and explore refinance options built around your current loan.
lower your payment. simplify your refinance.
affordable options for qualifying homeowners
Refinancing may help lower your monthly mortgage payment, reduce your interest rate, and make homeownership more affordable. United offers refinance options designed to help qualifying homeowners save money with fewer barriers and lower upfront costs.
Depending on your current loan, you may qualify for RefiNow™, Refi Possible®, or FHA Streamline Refinance. A local mortgage advisor can help review your mortgage and guide you to the option that fits your situation.
which refinance option is right for you?
RefiNow™
For eligible Fannie Mae homeowners
May help lower your monthly payment and interest rate with reduced upfront refinance costs.
Refi Possible®
For eligible Freddie Mac homeowners
May help reduce monthly mortgage expenses with flexible refinance options.
FHA Streamline Refinance
For eligible FHA borrowers
May offer a simplified refinance path with reduced documentation requirements.
why homeowners refinance
Affordable Home Refinancing may be worth exploring if you want to:
- Lower your monthly mortgage payment
- Reduce your mortgage interest rate
- Lower upfront refinance costs
- Explore flexible qualification options
- Simplify the refinancing process
Not sure which program applies to your mortgage? United can help identify available options based on your current loan and qualifications.
Frequently Asked Questions
A: Affordable Home Refinancing refers to refinance programs designed to help eligible homeowners lower their monthly mortgage costs. Depending on the program, you may be able to reduce your interest rate, lower your monthly payment, or take advantage of streamlined refinance options that help make homeownership more affordable.
A: Eligibility depends on factors such as who owns your current mortgage, your income, payment history, property type, and loan details. A United mortgage advisor can review your current loan and help determine which refinance options may be available to you.
A: RefiNow™ is a refinance program for eligible homeowners whose mortgage is owned by Fannie Mae. The program is designed to help qualifying borrowers lower their monthly housing costs through a reduced mortgage payment and interest rate.
A: Refi Possible® is a refinance program from Freddie Mac designed to help qualifying low-to-moderate income homeowners reduce monthly mortgage expenses. The program may offer expanded flexibility and reduced upfront costs for eligible borrowers.
A: FHA Streamline Refinance is a simplified refinance option available to eligible borrowers with an existing FHA-insured mortgage. Learn more about FHA refinance programs through the U.S. Department of Housing and Urban Development (HUD).
A: In many cases, refinancing can help lower your monthly mortgage payment by reducing your interest rate, changing your loan term, or both. Actual savings will depend on your current loan, refinance terms, and individual circumstances.
A: Not always. Some refinance programs may offer appraisal alternatives or appraisal-related savings for eligible borrowers. Your mortgage advisor can explain what requirements apply to your specific refinance option.
A: Certain affordable refinance programs offer more flexible debt-to-income requirements than traditional refinance options. A mortgage advisor can help determine whether you meet the requirements for available programs.
A: Yes. Programs such as RefiNow™ and Refi Possible® were developed to help qualifying low-to-moderate income homeowners access affordable refinance opportunities. Income limits and other eligibility requirements apply.
A: Savings vary based on factors such as your current mortgage balance, interest rate, loan term, and refinance program. A United mortgage advisor can help estimate potential savings based on your unique situation.
A: Mortgage insurance requirements vary by loan type and refinance program. Your mortgage advisor can explain how refinancing may impact your mortgage insurance and monthly payment.
A: Getting started is easy. Connect with a United mortgage advisor to review your current mortgage, discuss your goals, and explore refinance options that may fit your needs.
plan your refi
explore our mortgage calculators
Every homeowner’s situation is different. Understanding your current mortgage, interest rate, monthly payment, and long-term goals can help determine whether refinancing makes sense. Our mortgage advisors can walk you through available refinance programs and help you compare potential savings before making a decision.
related mortgage articles
Should You Buy a House When Mortgage Rates Are High?
High mortgage rates don't necessarily mean you should wait to buy. Learn how affordability, market conditions, and your goals can help you decide if now is the right time.
The Pros and Cons of Personal Loans and Home Equity Loans
Consolidating debt. Making home improvements. Covering unexpected expenses. These are among the most common reasons people take out loans. Both a personal loan and home equity loan can provide the funding you need. Here is what you need to know to determine which one is right for you.
What is Mortgage Preapproval?
Whether you’re looking for your first home or your dream home, it’s important to find out how much you can afford and what listing price you’re comfortable with.
5 Factors to Consider When Timing the Housing Market
Explore the pros and cons of buying a home now versus waiting: how mortgage rates, home prices, and personal readiness all factor into the right decision.
Loans subject to credit and collateral approval as well as program terms and conditions.