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Understanding Products and Services

Save money by refinancing your loan with Allen Tate Mortgage.

Today’s interest rates are at the lowest levels in decades, and that means incredible opportunities for homeowners to refinance. Whether you’re looking to decrease your monthly payment, lock in a lower rate or shorten the length of your loan, Allen Tate Mortgage can help you achieve your financial goals. New opportunities also make refinancing an option for homeowners who are "underwater" on their mortgage.

FHA Streamline Refinance

Effective June 11, 2012, the Federal Housing Administration (FHA)  lowered its Upfront Mortgage Insurance premium and reduced its annual premium for certain FHA borrowers.

This means new refinance opportunities for FHA borrowers who closed and had their loan insured by FHA before June 2009. These borrowers may see significant savings because of a combination of historically low interest rates and the new reduced insurance premiums. 

In addition, FHA Streamline Refinances may allow eligible borrowers to refinance their loan without an appraisal and with reduced documentation. 

Talk to your Allen Tate Mortgage Consultant today to see if you may be eligible 

HARP 2.0

The Home Affordable Refinance Program (HARP 2.0) now offers new refinancing opportunities for homeowners who are “underwater” on their mortgage and have not previously been able to qualify to refinance because of declining home values.

You may be eligible to refinance with HARP 2.0 if you meet the following criteria:

  • Your mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac. See Loan Lookup below to determine if your loan is eligible for refinance.
  • Your mortgage cannot have been previously refinanced under HARP.
  • Your current loan-to-value ratio must be greater than 80%.
  • You must be current on your mortgage at the time of the refinance, with a good payment history for the past 12 months


If your loan is not guaranteed by Fannie Mae or Freddie Mac, or does not meet the criteria for HARP 2.0, other refinance opportunities may be available through Allen Tate Mortgage.

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