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FHA & VA Refinance Loans

Government mortgage loan options

The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) offer refinance products. FHA refinance loans and VA refinance loans allow homeowners the option to reduce payments or loan terms, and they have more flexible qualification requirements than conventional loans. (Please note: Bank of America offers FHA and VA refinance loans to existing Bank of America home loan customers only.)

FHA refinance loan features

  • No maximum income/earning limitations
  • Fixed-rate loans available
  • Maximum loan amounts vary by county (contact us for information on your county)
  • More flexible qualification guidelines than conventional loans

VA refinance loan features

  • Fixed-rate loans available
  • More flexible qualification guidelines than conventional loans

 

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Thinking about cash out?

Before deciding to take extra cash out of available home equity when refinancing, understand how much equity you may have in your home.

Estimate your home's value

Learn more about cash-out refinance

Refinance basics

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