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Home Refinance
Lower Payments. Consolidate Debt. Pull Cash Out.
Refinance with Confidence
Lifetime Guarantee
After you refinance with us once, we’ll waive the lender fees and reimburse appraisal fees on any future refinance with loanDepot.
Working For You
Our licensed lending officers are held by a strict no steering policy and are not incentivized to sell one loan over another.
Mortgage Expertise
As a state licensed pioneer in our industry, loanDepot has funded more than $100 billion in loans since 2010.
Make Mortgage Refinancing a Breeze
loanDepot has over 1,700 licensed lending officers across the US and our no steering policy means you get a loan expert to help you find the best loan for your goals and not the best plan for their wallet.
Refinancing offers the benefit of obtaining a lower rate and saving you hundreds of dollars monthly or thousands of dollars yearly!
Choose from fixed-rate terms to adjustable-rate terms, jumbo loans or government loans; we have the perfect loan for you.
Your licensed lending officer will help to coordinate with all the necessary parties to ensure your loan is submitted to the underwriter for approval.
A sample of some of the documents you may need to provide are paystubs, mortgage statements, 2 years of employment history, etc.
Upon approval, we will schedule your loan closing appointment at a time that's convenient for you.
Get the loan that's right for you
Adjustable Rate
If you plan on staying in your home short-term or would like lower payments, an ARM loan program might be right for you
Fixed Rate
A traditional, fixed-rate mortgage is our most popular program for refinancing or a new home purchase
VA
We are authorized to offer special loan programs that are guaranteed by the VA for active military and veterans that are not available to the general public
FHA
Qualify with ease with as little as 3.5% down; originally for first-time buyers, FHA programs are now open to wider audiences
Common Refinance Questions
To determine whether or not it is a good idea for you to refinance, you should look at your specific situation and your motivation for refinancing. The most common reasons are lower refinance rates and/or payment, convert from an adjustable to a fixed rate, or a cash out refinance to consolidate debt or improve your home. If your objective is to reduce your rate and payment, you should review your current interest rate and see how much you can save with a 0 point loan and then determine if it makes sense to pay points to reduce your rate further. If you are converting your adjustable rate into a fixed rate, you may actually see an increase in your rate and payment but you'll get peace of mind knowing your rate will never increase again. If you are using the equity in your home to consolidate debt, your overall loan balance and payment may go up, but you will save monthly because you will eliminate the monthly obligations that you are paying off. Your mortgage lending officer can run some numbers for you and help you determine whether or not refinancing makes sense for you.
Before you refinance your home, it's important to know what questions to ask, research available loan options, calculate refinance payments and determine whether or not refinancing will benefit you. Once you decide that refinancing will help you, be sure you understand the process so that you know what to expect.
Depending on the reasons why your credit is imperfect, there are great loan options available including our government programs. Call and speak with one of our licensed lending officers to determine whether or not you qualify for one of our programs.
Every situation is different. It depends on what your current interest is and what your motivation is for refinancing. If your current rate is higher than what is available in the market, it probably makes sense to refinance. To get an idea of what you could save by refinancing, check out our payment savings calculator in our mortgage calculator page and input numbers specific to your situation or call one of our licensed mortgage bankers for some expert advice.
Get started online or call (888) 983-3240 to talk to a licensed lending officer
Most refinance transactions could take up to 45 to 60 days based on the complexity of the loan. loanDepot has built a smooth and seamless process, enhanced by our proprietary paperless technology that enables us to close loans faster than the average industry turn-times. As long as you do your part in delivering the documentation that we need in a timely manner.
What Our Customers Are Saying *
David M.
"At first I was skeptical, but loanDepot took the time with me and refinanced my home so I can afford to stay in it. They were also able to give me a personal loan. Everyone I dealt with was very kind."
Jenifer P.
"loanDepot took the time to explain in simple language all of the terms for my loan. I could not ask for anything more, they did exactly what they said they would and I have had no problems."
Alan S.
“Smooth right from the start through to the verification phone call. My rep, Brian bent over backwards to help make things happen.”
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