USDA Home Loan Refinancing

Save on monthly payments by refinancing your USDA home loan after at least 12 months of current payments.

Refinancing your USDA home loan

AmeriSave’s streamline USDA refinance loans can help you lower your monthly payment regardless of your home equity. Backed by the U.S. Department of Agriculture, these types of loans are excellent for moderate-to-low-income homeowners who have demonstrated the ability to repay their mortgage. 

Streamlined approvals

Refinance your USDA home loan after at least 12 regular payments on your current mortgage. No need for a down payment, full credit review, appraisal, or property check.  

Lower monthly payments

Use a refinance to reduce your mortgage payment and keep more money in your pocket every month. You could also shorten the life of your loan or switch to a fixed-rate mortgage.  

Close in less than 30 days

With a streamlined USDA loan refinance process, you can close in as little as 30 days with minimal paperwork.  

Why refinance your USDA loan with AmeriSave?

USDA home loans are one of several types of loans that make homeownership more affordable. Refinancing your USDA loan could lower your payment or mortgage rate, and AmeriSave streamlines the process. 

Determine your loan eligibility

We’ll help you find out if your payment history qualifies you for a refinance. 

Lock your rate

Refinancing your USDA mortgage can secure a better rate and greater savings. 

Expert support

Our Loan Experts are here to help you through each step of the refinancing process. 

Online loan process

Our streamlined online application saves you time and makes it easy to secure your new loan.

How to refinance your USDA home loan

1 Choose your USDA refinance type

Choose between a USDA streamlined-assist refinance or a USDA streamline refinance. The streamlined-assist qualifications are more flexible, with no required appraisal or credit check.  

2 Choose your lender

Review your current mortgage terms to help you evaluate potential loan offers. Shop around USDA-approved lenders to find the refinance option that saves you the most money. 

3 Collect your documents

Collect all the necessary paperwork for your new loan. Depending on which USDA refinance option you choose, this may include proof of payment history, income verification, or an appraisal. 

4 Submit your application

Use AmeriSave’s online application to quickly upload your documents and track your application in real-time.  

5 Review and sign closing documents

Review and sign your closing disclosure, which lists your final costs, new payments, and loan terms. You’ll need to pay an upfront guarantee fee and an annual guarantee fee as part of your monthly payment. 

6 Manage your loan through AmeriSave’s web portal

Use AmeriSave’s resources to manage your loan, make payments, and review important documents. 

Veron M. | Lawrenceville, GA

The process has been very quick and easy for a first timer like myself. Being able to provide things on-line via chat & email lets me handle things while taking care of other tasks.

Sprak | Charles Town

I cannot imagine an easier experience with anyone else. Everyone is friendly, helpful and simply caring. Love working with them.

Jason S | Elephant Butte, NM

Fantastic. Great company and staff. Professional and quick. The process from beginning to end was painless and speedy. Would recommend with 10 stars.
Read Our Reviews

Frequently Asked Questions

To qualify for a USDA refinance, your current loan must be a USDA-guaranteed home loan that you’ve had for at least 12 months, and you must be current on your payments. The USDA requires a refinanced loan to have a financial benefit that lowers your monthly mortgage payment by at least $50. Your income must still be within the allowable limit for your area. If your property is in a rural area that is no longer eligible for the USDA loan program, it is still eligible for USDA refinancing. 

An AmeriSave Loan Expert can help you review your qualifications, including checking your credit score to help determine your low, customized rate. We’ll guide you in collecting any necessary documentation, such as previous mortgage statements. 

Refinance your USDA loan today

Save on your monthly mortgage payments when you refinance your USDA home loan with AmeriSave. 

Get Started