Refinance Loans
Simplify your mortgage by optimizing your income, assets, and credit
Refinance Mortgage Programs
There are many situations where a refinance loan will benefit a borrower. Whether you want to lower your payment, consolidate debt, or need to remove a coborrower from a loan, we have many solutions available.
If you have a current mortgage and are thinking about refinancing, here are the most important pieces of information to know:
What type of loan do you currently have?
Certain programs may have streamlined or reduced documentation options for you to take advantage of lower interest rates.
When did you close on your current loan?
What is your current interest rate?
What is your current loan term?
What is your current balance?
What is your home’s current estimated value?
What is your estimated credit score?
As soon as you have the above information together, we can begin to find the best option for you to take advantage of.
If your current loan is a conventional conforming home loan , your loan may qualify for approval without Private Mortgage Insurance. Along with a lower rate, removing PMI can save a significant amount of money for our clients.
The FHA home loan program has a very good streamline refinance program. If your current loan is an FHA loan you may qualify without the need to verify your income or without the need to obtain a new appraisal. This saves borrowers both time and money when completing the refinance process..
VA Home Loans also offer a special program for refinancing. This programs includes reduced documentation and reduced VA guarantee fee. This can save borrowers a significant amount of money vs. the cost of a purchase VA loan.
Also available with the conventional, FHA and VA Loan programs is the cash out option. Cash out can be used for a variety of activities including investments, home improvements and paying down debts.
The individual programs all have different guidelines. Please contact Capital City Mortgage and one of our licensed loan officers will be able to find the best solution for your home loan.
Local Loan Options
Nebraska Mortgage Options
Nebraska residents have several mortgage options available to them. Conventional mortgages, with low down payments. FHA loans, require a smaller down payment and are generally easier to qualify for. VA loans are available to eligible active-duty military personnel and veterans. USDA loans help borrowers in rural areas with low to moderate-income purchase homes. Additionally, Nebraska residents may be eligible for various state and local first-time homebuyer programs and down payment assistance programs.
Lincoln Mortgage Options
Residents of Lincoln, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. An FHA loan is also an option, requires a lower down payment, and is generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income home buyers. Additionally, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.
Omaha Mortgage Options
Residents of Omaha, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. FHA loans are also an option, require a lower down payment, and are generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income homebuyers. In addition, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.