WHY SHOULD I REFINANCE?
Refinancing your mortgage
can mean a new interest rate,
a new monthly payment, or a
new repayment period.
Turn the house you have into the home you want
You can roll in the costs of home repairs or upgrades.
Pay down debt
Use the equity you've earned in your home to pay off debt.
Put more money in your pocket
Lower your monthly mortgage payment and spend more on building memories with those closest to you.
For refinance transactions, be aware that by refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Tell us your goals. We can help
figure out your next move.
REFINANCE PROGRAMS
Our loan selection is anything
but conventional - but we do
those too.
Conventional Loan
Conventional loans offer flexible options including fixed-rate and adjustable-rate mortgages. Down payment options may start as low as 3% for qualified borrowers, and some programs may offer alternatives to traditional mortgage insurance.
FHA Loan
FHA loans are designed to help make homeownership more accessible, especially for borrowers with lower down payments or less-than-perfect credit. Down payment options may start as low as 3.5% for qualified borrowers.
Renovation Loan
Renovation loans allow borrowers to finance eligible home improvements into the mortgage.
We offer several renovation options, including:
-
FHA 203(k) loans for repairs, updates, and structural improvements
-
Fannie Mae HomeStyle® loans for renovations and luxury upgrades such as pools or outdoor living spaces
Bank Statement Loan
Bank statement loans are designed for self-employed borrowers who may not qualify using traditional income documentation.
Eligible borrowers may qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
RHS / USDA Loan
USDA loans are available in eligible rural areas and offer 0% down payment options for qualified borrowers.
These loans feature flexible guidelines and household income limits apply. Property eligibility is based on location and USDA requirements.
ITIN Loan
Stockton Mortgage offers financing options for borrowers using an Individual Tax Identification Number (ITIN).
Depending on the program, alternative income documentation such as bank statements or verification of employment may be used in place of traditional paystubs.
Jumbo Loan
Jumbo loans are designed for higher loan amounts that exceed conventional loan limits.
Options may be available for primary residences and second homes, with loan limits and guidelines varying by program and state.
Hobby Farm Loan
Hobby Farm loans are designed for homes on larger parcels of land, typically between 5–160 acres.
These properties may include space for horses, recreation, or hunting, but are not intended for full-time farming operations.
VA Loan
VA loans are available to eligible veterans, active-duty service members, qualifying National Guard and Reserve members, and some surviving spouses.
VA financing offers benefits such as flexible guidelines and 0% down payment options for eligible borrowers.*
Construction Loans
We offer construction financing options with low down payment programs, including FHA, VA, and USDA construction-to-permanent loans for eligible borrowers.
These programs can help buyers build instead of purchasing an existing home.
Home Equity Line of Credit (HELOC)
A HELOC allows homeowners to access available equity without refinancing their current mortgage.
Funds may be used for renovations, debt consolidation, large expenses, or other financial needs.
Investor Cash Flow Loan
This program allows you to utilize the future income rental of a property to determine cash flow.
*Qualifications apply for no down payment VA loans.
The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible and the consumer should consult their tax advisor. 100% financing may not include closing costs. Stockton is not affiliated with any government agencies. Materials are provided by Stockton Mortgage and are not from HUD or FHA. This is not an offer to enter into an agreement. Credit subject to age, property and some limited debt qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change. Other restrictions and limitations may apply.
REFINANCING
How it works
Refinancing a mortgage requires to you submit necessary financial documents like you did the first round with your old mortgage. Browse through the different mortgage plans and compare the interest rates and terms to select the most ideal plan for your needs. Compare the new loan with your existing one and analyze how its terms can benefit you. If your current credit score has improve since the first loan, the chances of you obtaining more favorable terms are high. Take note of the closing costs and decide if you are able to commit to the new mortgage terms before you refinance.