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Types of Refinance Loans
Refinance Loan Types

The best home loans are custom-made.

There are many types of home loans available. At Embrace, your loan specialist can determine which loan type fits you best. Where you live, your credit score, monthly budget, and other variables should all be considered when choosing a new mortgage. Find out more about the different loans available to you and learn the pros and cons for each type of loan.

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Mortgage Loan Types

  • Conventional
    • Conventional mortgages are underwritten to the Fannie Mae and Freddie Mac guidelines. There are two different types of conventional mortgages: fixed-rate and variable-rate. Renovation loans with low down payments are also available.
    • learn more
  • FHA Insured Loans
    • FHA mortgages are insured by the Federal Housing Administration. The government guarantees the mortgage and will make a payment if the borrower cannot.
    • learn more
  • Harp 2 Loans
    • HARP (The Home Affordable Refinance Program) Phase II loans make it possible for homeowners who owe more on their current Fannie Mae or Freddie Mac owned mortgages than their home is worth to refinance at a low rate.
    • learn more
  • VA Loans
    • VA Loans are offered to the men and women who have served our country in the military or National Guard and are backed by the Department of Veteran Affairs (VA).
    • learn more

Call Embrace today at 800-620-6292 to speak with one of our knowledgeable loan officers and learn more about your loan options. Or fill out our no obligation form and one of our specialists will contact you.

See how much
you can save.

“Dawn displayed a high level of professionalism from the very start. She was careful to explain the entire refinance process and answered all my questions to my satisfaction. Dawn always responded to my calls and emails in a timely manner. Dawn is an ambassador for Embrace. Thank you, Dawn, for holding my hand the entire time.”
- Brenda M.