Waterstone Mortgage - Fort Walton Beach, FL

If you have a USDA loan and are interested in saving on your mortgage, consider a USDA refinance. Even if your property is underwater (in other words, you owe more on the mortgage than what your home is currently worth), this could be a great money-saving option for you.

Qualifying for a USDA refinance is relatively simple (and who doesn't love a simple mortgage process?)

You may be eligible for a USDA refinance if:

The property is your primary residence
The home is financed with a USDA Direct Home Loan or a USDA Guaranteed Home Loan
You have made your monthly mortgage payments on time for the previous 12 months
Your new payment will have decreased by $50 or more per month, after the refinance

And the benefits? You don't have to go through another appraisal, property inspection, or credit report. Plus, you can even include your closing costs and escrow charges in the new loan amount - meaning you don't owe anything upfront.

If you're ready to get started, contact your Waterstone Mortgage loan professional to learn more about which USDA refinance option could be right for you:

USDA Streamlined-Assist refinance
Standard streamline refinance
USDA non-streamline refinance

_{A USDA Loan is a government-insured loan subject to certain qualifications and restrictions. USDA guarantee fee and annual fees apply.}

_{All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based
on changes to an index. This could result in an increase in the monthly payment.}