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.
Frequently Asked Questions
Refinance your USDA loan today
Save on your monthly mortgage payments when you refinance your USDA home loan with AmeriSave.