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Can I Refinance if My Income is Low?

Have you previously tried to refinance your home but were turned down by another lender? Or do you feel your income isn’t high enough to qualify for a refinance? If you own your home and have a good payment history on your loan, NOVA Home Loans may be able to help.

The RefiNowTM and Refi PossibleSM programs are two refinancing options for low- income borrowers.

  • You may be able to lower your interest rate.
  • You may be able to lower your monthly payment.
  • Closing costs, prepaid items, and points may be rolled into the loan.
  • Credit scores as low as 620 are eligible.
  • You could save thousands over the life of the loan.

You owe it to yourself to find out if you can save money on your loan. Contact a NOVA Home Loan Officer for details.

The Program information shown is for informational/educational purposes only and does not represent a commitment to lend or extend credit. Other terms and conditions may apply. Contact your Loan Officer for more details.