Refinance Loans

Are you looking to refinance your mortgage? Cleveland Mortgage Corporation has the lowest rates and greatest variety of options for your unique situation. From a conventional refinance to a streamline refinance with FHA, VA or USDA mortgage, tell us about your refinance needs.

Available Refinancing Options

conventional loans - Cleveland mortgage company

Refinance with Conventional Loans

Fixed and ARM’s (Adjustable Rate Mortgage)

    • Cash out and no cash out refinance options are available when refinancing with a conventional loan
    • Max LTV (loan-to-value) up to 95% for fixed loans, 95% LTV (loan-to-value) on ARM’s, or adjustable rate mortgages
    • Non occupying co-borrowers allowed

FHA Loans

    • Up to 97.75% LTV (loan-to-value)
    • FHA streamline program available. You can streamline refinance government-backed home loans — including mortgages through the FHA, VA, or USDA — but not conventional mortgages.
    • Manual underwriting available for certain scenarios to help borrowers in unique scenarios.
    • Credit scores as low as 500

conventional loans
refinance and renovation loans

Refinance with Renovation Loans

Conventional and 203k (FHA)

    • Combine current mortgage payoff with renovation costs
    • Renovation costs limited to 50% of estimated future value of the home
    • Appliances and luxury items can be included in most cases

Refinance VA Loans

    • The best VA loan terms in the industry!
    • VA cash out refinance to 100% LTV
    • VA interest rate reduction (IRRRL)
    • VA funding fee waived if veteran is disabled (no minimum percentage)
    • VA jumbo loans over $1 million

VA loans Cleveland Mortgage
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Second or Vacation Home Loans

    • No rate bump. Same rate as primary residence
    • Cash out up to 75% LTV

Investment Property Loans

Conventional and Conventional Renovation

    • Up to 10 properties per borrower
    • Market rent used as income for subject property even if subject in not rented
    • Cash out on appraised value after 6 months from purchase
    • Delayed Financing Option available within 6 months from purchase

conventional loans: investment properties


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