Explore a Lower Rate and Payment.
See whether refinancing may reduce your rate or your monthly payment, with a fast online process and personalized guidance every step of the way.
One loan. Flexible ways to buy.
However you earn, there’s likely a path to approval.
- Improve the rate without taking cash out
- Standard documentation: income, assets, and credit
- Primary residence, second home, or investment property*
- Closing costs can sometimes be rolled into the new loan*
- A full appraisal is normally required
- Government streamline options exist on FHA, VA and USDA loans
Loans from eligible amounts up to conforming loan limits*
Buy, refinance, or take cash out
Primary, second home, or investment property
Standard documentation: income, assets, and credit
Low-down-payment options available*
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Rate-and-Term Refinance?
Replacing your rate without changing what you owe
The Saxton Rate-and-Term Refinance is a full-featured mortgage that follows Fannie Mae and Freddie Mac guidelines, written for owners waiting for the moment this becomes worth doing.
Qualify with standard documentation: income, assets, and credit reviewed the usual way.
Use it to purchase a home, refinance your current mortgage, or take cash out of your equity, on a primary residence, second home, or investment property, with loan amounts up to $832,750, or up to $1,249,125 in higher-cost counties.*
Why choose the Saxton Rate-and-Term Refinance?
Built for qualified buyers whose standard documentation don’t tell the whole story.
Prepare It Now
These windows last weeks, not months. The file that is already assembled is the one that closes inside it.
Do The Break-Even
The only question that matters is how long it takes the saving to cover the cost. Ask for that number in months.
Move-Up & Repeat Buyers
Improve the loan you have, or buy the next home.
No Cash Involved
This is a rate and term refinance. Nothing comes back to you, which is exactly why it prices better than cash out.
Drop The Insurance Too
If equity has grown since you bought, a refinance can remove mortgage insurance at the same time.*
Off An Adjustable
If you are on an adjustable rate, this is also how you move to a fixed payment before the next adjustment.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about refinancing to improve your rate.
Loan limits follow the annual conforming limits set by county. For 2026 the one-unit limit is $832,750, rising to $1,249,125 in higher-cost counties, with jumbo options above those limits.
Yes. Low-down-payment options make buying your first home more attainable.*
It replaces your existing mortgage with a new one to change your rate or your term, without taking additional cash out.
There is no fixed minimum credit score on this program. Eligibility is determined by automated underwriting, which weighs your credit history alongside your income, assets, and the property. Stronger credit generally opens more options.
What you bring to closing is cash for closing costs, prepaid taxes and insurance, and any escrow funding, and some of that can often be rolled into the new loan. What decides whether it is worth doing is your equity, your credit, and whether the improvement covers the cost of getting it.*
Yes. Fixed-rate and adjustable-rate (ARM) options are available on eligible programs.
No. This is a rate and term refinance. Cash-out refinancing is a separate option.
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton Rate-and-Term Refinance program that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Consumer Financial Protection Bureau, mortgages
- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Loan limits follow the annual conforming limits set by county. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.