AMP No Equity Refinance 

This new program allows borrowers with higher rate mortgages or loans such as interest only or short term adjustable rate mortgages to refinance to a lower fixed rate mortgage or a longer term adjustable rate mortgage.

This mortgage program is intended for borrowers that are current on their mortgage, have not had any late mortgage payments in the last 12 months and are not having difficulty making their current mortgage payment.

Income

This loan is a full documentation mortgage. Employment, income and assets are verified.

Credit

There is no minimum credit score. The credit report is analyzed by an automated underwriter to determine if it is acceptable.

High Balance Loans

An existing high balance or jumbo loan may qualify for refinancing. The limits are based on the current conforming loan limits based on the area the property is located in.

This program is an excellent option for homeowners that have been unable to take advantage of today’s low rates because of declines in property values.