Rate & Term Finance

A rate-and-term refinance alters an existing mortgage's interest rate or without advancing new money.  You simply replace your original mortgage with a new one with different terms.  If your credit has improved substantially, you may be able to refinance at a lower interest rate. Conventional and USDA mortgages are eligible for rate and term refinancing. The requirements will depend on which type of mortgage you have, but typically you'll need a certain credit score, debt-to-income ratio, and amount of equity in your home.

Speak with one our mortgage professionals to learn more!

  • Jennifer Lay smiling for the camera
    Jennifer Lay
    Loan Officer

    Ramsey , Illinois 62080
    Phone: (618) 423-2396
     

     

  • Lauren Koch smiling for the camera
    Lauren Koch
    Loan Officer

    Greenville , Illinois 62246
    Phone: (618) 664-0300
     

     

  • Derrick Dunn smiling for the camera
    Derrick Dunn
    Loan Officer

    Greenville , Illinois 62246
    Phone: (618) 664-0300
     

     

  • Dalton Whitten smiling for the camera
    Dalton Whitten
    Jr. Loan Officer

    Vandalia , Illinois 62471
    Phone: (618) 283-1141
     

     

  • Kayla Crabtree
    Consumer Loan Originator

    Vandalia , Illinois 62471
    Phone: (618) 283-1141