What is a USDA Refinance loan?

USDA (US Department of Agriculture) loans are for homes in less populated rural areas. USDA loans are made to encourage homeownership in rural areas. You must meet certain income requirements as well to qualify for these loans.

If you currently have a USDA loan, take advantage of the benefits of refinancing. You may be able to lower your monthly payment or interest rate with Carrington’s USDA refinance program.

Is a USDA refinance right for me?

If you are looking to save money by lowering your monthly payment or lowering your interest rate a USDA refinance loan might be a good fit. 

  • 550 minimum credit score
  • Financing up to 100% of the appraised value
  • The maximum loan amount is determined by county maximum limits and payoff amount

Is a USDA Streamline-Assist Refinance right for me?

If you already have a USDA loan, the Streamline-Assist might be the best option for you.  With this program, debt-to-income ratios, home appraisal, and credit checks are not required even if you have little or no equity in your home.

  • Lower your monthly payment
  • Lower your interest rate
  • No minimum credit score
  • Financing up to 100% of the appraised value

How do I get a UDA refinance loan?

Once you have decided a USDA refinance loan will fit you best, contact us and speak with a Carrington loan officer. We will be happy to answer any questions and walk you through the application process. Call (888) 267-0584 or click here to start now.