Alternative Refinancing Options

You Can Still Save Big by Refinancing Even without an FHA Loan on Your Waukesha Home!

Even though the new FHA Streamline program is only designed for Waukesha homeowners who currently have an FHA mortgage loan, there are still attractive options if you you have another mortgage type.

There are at least 4 additional refinancing programs available for those who have other types of Waukesha home loans.

Feel free to contact us at 262-650-9890 to determine if there are additional options available and for a free consultation to help you make the best and most cost effective decision.

1. VA Streamline Refinance

For Waukesha property owners with VA home loans you could qualify for a VA Streamline or IRRRL (Interest Rate Reduction Refinancing Loan). These streamlined refinance loans for Waukesha homeowners boast many of the same benefits as the FHA program.

They can be used to switch between fixed rate and adjustable rate mortgages, lower rates and payments and also require no appraisal, no money out of pocket and no credit to be pulled (unless requested by an individual lender).

However, one great advantage of VA streamlined refinancing is being able to add up to $6,000 worth of financing for energy efficient home improvements into the new loan.

Receive a FREE, No-Obligation VA Streamline Refinance Quote by completing our simple one-minute form here

2. USDA Home Loans

Waukesha homeowners who currently have USDA mortgages
can also benefit from USDA refinances.

If your current Waukesha USDA mortgage rate is higher than the current rate,
you may be able to refinance.

The basic requirements for qualification are as follows:

  • The Waukesha mortgage to be refinanced has to be a USDA Loan (Guaranteed or Direct).  
  • The Waukesha mortgage to be refinanced must be current (not delinquent).  
  • The refinance should result in a lowering of the borrower's monthly principal and interest payments.  

Contact Us at 262-650-9890 if you have any additional questions about this program or complete the One-Minute No-Obligation USDA Loan Request form here to determine your eligibility and qualification level.

A USDA Loan Specialist will contact you for a free consultation about the Waukesha USDA lending options available to you based on your unique situation.

3. HARP 2.0 - Help for Waukesha Home Owners Who are Underwater on their Existing Mortgage

Waukesha homeowners with Fannie Mae or Freddie Mac home loans originated before June 1st, 2009 could be eligible for the new Home Affordable Refinance Program (HARP), designed to assist those with conventional and conforming loans to refinance ad enjoy lower mortgage rates and home payments.

HARP 2.0 allows refinancing without paying down principal, mortgage insurance and for most means no money out of pocket, regardless of how much you owe on your home compared to its current value.

Contact Us at 262-650-9890 if you have any additional questions about this program or complete the One-Minute No-Obligation HARP 2.0 Request form here to determine your eligibility and to receive a free rate quote.

4. Refinancing Help for the Self-Employed

While stated income loans have virtually disappeared making it incredibly difficult for self-employed borrowers to obtain a mortgage of any type in Waukesha today there is still help available.

Self-employed borrowers run into the biggest issues when it comes to verifying their employment and as their tax deductions often dramatically reduce the amount of income available to qualify.

Fortunately there are lenders and loan programs which will accept alternative methods of income verification specifically for the self-employed and Waukesha business owners.

Don’t give up hope until you have pursued all financing options.

Contact us at 262-650-9890 or send us a message using
the form below to find out more about your
Waukesha refinancing options.

Ask Your Question About FHA Streamline Here

FHA Streamline Analysis | Alternative Refinancing Options | Privacy Policy | Ask A Question

Photo of Kim Greenspan

First Fidelity Home Mortgage of Wisconsin, LLC

Kim Greenspan


Email: Kim@WeSayOk.Com

Phone: 262-650-9890

Contact Kim Greenspan, your Waukesha FHA Streamline Refinancing Specialist at 262-650-9890, to setup a free consultation or complete our Free No-Obligation FHA Streamline Analysis Form Here to discover your potential FHA streamline refinance savings.

First Fidelity Home Mortgage of WI, LLC - NMLS# 279615 | Kimberly Greenspan - NMLS# 281495

Notice: This is a privately owned and maintained web site and is not a government agency. 
This site is not affiliated, endorsed or a division of HUD or FHA. If you are looking for FHA or HUD, you may contact them here

All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs, and underwriting policies are subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans are subject to underwriting approval. Some products may not be available in all states and restrictions apply.

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