Welcome to Elite Mortgage, where we're committed to helping you achieve your financial goals with our comprehensive conventional loan refinance program. If you're considering refinancing your mortgage, our conventional loan refinance option offers a flexible and affordable solution that can help you save money, lower your monthly payments, and achieve greater financial stability. Here's what you need to know about our conventional loan refinance program:

​

What is a Conventional Loan Refinance? A conventional loan refinance is a type of mortgage refinancing that allows homeowners to replace their existing mortgage with a new conventional loan that offers more favorable terms and conditions. Unlike government-backed loans such as FHA or VA loans, conventional loans are not insured or guaranteed by the federal government. Conventional loan refinancing is ideal for homeowners who have built up equity in their home and have good credit scores.

​

What You Should Know:

​

Credit Score Requirements: To qualify for a conventional loan refinance, borrowers typically need to have a good credit score and a stable financial history. Lenders will review your credit report and financial documents to assess your creditworthiness and determine your eligibility for refinancing.

​

Equity Requirements: To qualify for a conventional loan refinance, homeowners must have sufficient equity in their home. Lenders will typically require borrowers to have at least 20% equity, although some programs may have lower equity requirements.

​

Closing Costs: Like any mortgage transaction, refinancing with a conventional loan involves closing costs, which can include fees for appraisal, title insurance, origination, and more. It's important to carefully consider the total cost of refinancing and weigh it against the potential savings and benefits.

​

At Elite Mortgage, we're dedicated to helping you achieve your financial goals with our conventional loan refinance program. Our experienced team of mortgage professionals will work with you every step of the way to ensure you have the information and support you need to make informed decisions about your finances. Contact us today to learn more about our conventional loan refinance program and take the first step toward a brighter financial future.