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Refinance Options

Restructure, save, and unlock equity with tailored refinance solutions.

At Scout Lending, we know that refinancing is a key financial strategy, not just a transaction. Whether you are planning for retirement, expanding your investment strategy, growing your family, or simply seeking peace of mind with more favorable loan terms, our refinance programs are built to meet you where you are. We provide options for every type of borrower: homeowners with conventional loans, veterans, entrepreneurs, rural borrowers, and commercial property investors. Let us help you refinance with clarity, purpose, and confidence.

Conventional Refinance

Flexible, non-government-backed refinancing for qualified homeowners.

A Conventional Refinance is ideal for borrowers with strong credit, stable income, and equity in their home who want to secure a better rate, change their loan term, or tap into equity. Unlike FHA, VA, or USDA programs, conventional refinances offer broader property eligibility and fewer usage restrictions, making them a great option for those who meet standard underwriting guidelines.

Why Our Clients Love It:

  • Offers competitive interest rates for well-qualified borrowers
  • No upfront mortgage insurance premiums (PMI can be removed with sufficient equity)
  • Available for primary residences, second homes, and investment properties
  • Allows for both rate/term and cash-out refinancing options

Who It’s Best For:

  • Homeowners with solid credit and at least 20% equity: Looking to remove mortgage insurance, reduce interest rates, or shorten their loan term while maintaining conventional lending flexibility.
  • Borrowers who no longer need government-backed loan protections: Such as those transitioning from FHA to conventional to eliminate MIP or take advantage of improved financial standing.
  • Real estate investors and second-home owners: Seeking to refinance properties that are not eligible under FHA, VA, or USDA programs.
  • Professionals refinancing higher loan amounts: Those who exceed conforming loan limits for government-backed programs and need access to jumbo or expanded conventional options.

VA IRRRL (Interest Rate Reduction Refinance Loan)

Simplify and save with this exclusive program for VA borrowers.

The VA IRRRL helps veterans and active-duty service members refinance an existing VA loan with fewer steps with no appraisal, income verification, or credit underwriting is typically required.

Why Our Clients Love It:

  • Minimal paperwork and faster closing
  • VA-backed competitive interest rates
  • Makes refinancing accessible for military families

Who It’s Best For:

  • Veterans and active-duty service members who want to reduce their interest rate or monthly payment without the typical complexity of refinancing. These borrowers often prefer straightforward, reliable lending aligned with their service.
  • Military families managing frequent relocations or deployments, who value time-saving solutions and reduced paperwork that allow them to focus on what matters most.
  • Service members transitioning to civilian life, seeking to simplify their finances and reduce housing expenses as they adjust to new employment or income circumstances.

FHA Streamline Refinance

Refinance your existing FHA loan easily and efficiently.

Designed exclusively for borrowers with FHA loans, this program allows you to refinance with minimal documentation and, in most cases, without a new appraisal. It’s a practical and accessible option for FHA borrowers seeking immediate payment relief.

Why Our Clients Love It:

  • Requires little to no paperwork and no new appraisal
  • Makes it easy to take advantage of lower rates
  • Government-backed with stable, affordable terms

Who It’s Best For:

  • Homeowners who initially used an FHA loan to qualify for their first home and have since improved their financial standing, but want to take advantage of a simpler refinance process.
  • Borrowers with limited income or credit improvements who need a refinance option that doesn’t penalize them for non-traditional credit profiles.
  • Individuals recovering from financial hardship, job changes, or medical events, looking for fast relief through a low-cost, less intrusive refinance process.

Rate and Term Refinance

Lower your rate or adjust your term without changing your loan amount.

This option replaces your existing mortgage with a new one, often featuring a better interest rate or more favorable repayment terms without taking cash out. It’s a popular choice for homeowners looking to reduce monthly payments or pay off their homes faster.

Why Our Clients Love It:

  • Offers the potential for lower monthly payments or reduced interest costs over time
  • Allows for shorter or more manageable loan terms
  • Available across Conventional, FHA, VA, and USDA loan types

Who It’s Best For:

  • Homeowners in stable financial standing who want to capitalize on improved credit scores or better market rates since obtaining their original loan. These borrowers may have built equity and now seek to secure a lower rate without resetting their mortgage timeline.
  • Families approaching major life transitions like sending kids to college or preparing for retirement, who want predictable mortgage terms that better align with upcoming financial goals.
  • Professionals looking to build long-term wealth by shortening their loan term and reducing the total interest paid over time, enabling them to redirect savings toward investments or other personal goals.

Cash-Out Refinance

Turn your home equity into capital for life’s next chapter.

A Cash-Out Refinance gives you the opportunity to borrow more than you currently owe on your mortgage and take the difference as cash. It’s a powerful tool for home improvements, debt consolidation, large expenses, or strategic reinvestment.

Why Our Clients Love It:

  • Converts built-up equity into accessible funds
  • Consolidates high-interest debt into one low-rate mortgage
  • Ideal for major expenses like remodeling, tuition, or medical bills

Who It’s Best For:

  • Homeowners with strong equity and a clear financial goal—whether it's upgrading their home, investing in a business, or paying off high-interest debt. These borrowers want to leverage their home's value to create financial breathing room or unlock new opportunities.
  • Young families preparing for long-term investments such as college savings, home improvements, or a second property purchase, prefer using built-in equity rather than credit-based lending.
  • Retirees or pre-retirees looking to liquidate equity without selling their homes, using funds for healthcare, relocation, or lifestyle enhancements during their retirement years.

USDA Streamline Refinance

Designed for rural homeowners who need a no-fuss solution.

Available to borrowers with an existing USDA loan, this streamlined refinance comes with fewer documentation requirements and no appraisal in many cases, making it perfect for borrowers in USDA-eligible areas.

Why Our Clients Love It:

  • Lower rates with reduced documentation
  • No appraisal is usually required
  • Accessible for rural and small-town homeowners

Who It’s Best For:

  • Homeowners in USDA-qualified areas who want to lock in a lower interest rate without navigating a complicated refinance process. These borrowers may not have access to traditional refinance options due to location or income level.
  • Working-class families in agricultural or rural regions, who rely on consistency in housing costs and need a dependable, government-backed lending program.
  • Individuals with stable payment histories but limited access to credit, who want to maintain affordability without a full financial overhaul or equity-based borrowing.

Non-QM Refinance

Refinance on your terms with alternative documentation and income strategies.

Non-QM refinancing is for borrowers who don’t fit traditional income or documentation models. Whether you’re self-employed, a real estate investor, or rely on non-standard sources of income, we offer flexible options that fit your unique financial picture.

Why Our Clients Love It:

  • Uses bank statements, rental income, or asset depletion
  • No need for traditional W-2s or tax returns
  • Ideal for complex or seasonal income situations

Who It’s Best For:

  • Entrepreneurs, freelancers, and self-employed borrowers who may not have W-2 income but have consistent, documented revenue through bank statements or profit and loss reports.
  • Real estate investors managing multiple properties, who want to refinance based on the rental performance of the asset, not their income.
  • High-net-worth individuals, retirees, or foreign nationals with liquid assets or alternative income who need a lender that recognizes financial strength beyond tax returns.

Commercial Property Refinance

Maximize property value and reinvest with flexible commercial solutions.

This loan is built for investors and business owners looking to refinance multifamily, mixed-use, or commercial properties to reduce costs, unlock equity, or reposition assets for growth.

Why Our Clients Love It:

  • Provides working capital from existing equity
  • Improves loan terms to support long-term strategy
  • Helps reinvest into property upgrades or expansion

Who It’s Best For:

  • Experienced commercial property owners seeking to improve cash flow or lower their rate on existing properties with five or more units. These borrowers are typically managing portfolios and want smarter loan terms.
  • Business owners with mixed-use or office properties, looking to reinvest in tenant improvements, marketing, or expansion with capital freed from refinancing.
  • Real estate developers or long-term investors needing a flexible financing partner to support larger commercial projects or reposition distressed assets for resale.

SBA Refinance Options

Government-backed refinancing built for small business stability and growth.

Through SBA 7(a) and 504 programs, Scout Lending offers refinancing solutions that help entrepreneurs consolidate debt, improve real estate terms, and support cash flow with competitive rates and terms.

Why Our Clients Love It:

  • Consolidates multiple debts into one manageable loan
  • Provides fixed-rate terms and lower monthly payments
  • Helps fuel business growth through increased liquidity

Who It’s Best For:

  • Small business owners juggling multiple business debts, such as high-interest credit lines or equipment loans, who need a long-term, stable solution to protect working capital.
  • Entrepreneurs refinancing commercial real estate to reduce monthly expenses, extend loan terms, or transition from private funding to a government-backed program.
  • Established companies preparing for expansion, who need to streamline financial obligations before scaling, hiring, or launching new products or services.
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Let’s Make Your Homeownership Goals Happen

Whether you’re ready to start your loan application, have questions about your options, or just want to talk through your financial goals, we’re here for you. Reach out to our team for personalized support and expert guidance every step of the way.

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