A mortgage refinance replaces your existing home loan with a new one — typically to get a lower interest rate, reduce your monthly payment, shorten your loan term, convert from adjustable to fixed rate, or access home equity through a cash-out refinance. The new loan pays off your old one and you begin making payments under the new terms. Jhenesis Mortgage offers seven refinance programs including conventional, FHA Streamline, VA IRRRL, DSCR, non-QM, and cash-out options across all of Florida.

Consider refinancing when: current rates are 0.5 to 1 percent lower than your existing rate; your credit score has improved; you want to switch from an ARM to a fixed-rate mortgage; you’ve built enough equity to eliminate FHA mortgage insurance by refinancing to conventional; or you want to access cash from your home’s equity for renovations or investments. Use the free calculator on this page to see whether refinancing makes financial sense for your specific situation.

Refinance savings depend on your loan balance, rate reduction, and loan term. As an example: refinancing a $300,000 loan from 7.5% to 6.35% on a 30-year term reduces your monthly principal and interest payment by approximately $230 per month — over $82,000 in total interest savings over the life of the loan. Use the free refinance calculator on this page to estimate your personal monthly savings and breakeven point in seconds.

Jhenesis Mortgage offers seven refinance programs: Rate & Term Refinance — lower your rate without taking cash out; Cash-Out Refinance — access equity in cash; FHA Streamline — simplified refinance for existing FHA borrowers; VA IRRRL — VA-to-VA streamline for veterans; DSCR Refinance — investment property refinance based on rental income, no tax returns required; Non-QM Bank Statement Refinance — self-employed borrowers use bank deposits instead of tax returns; and Conventional Refinance for primary residences, second homes, and investment properties.

Minimum credit score requirements by program: Conventional refinance — 620+. FHA Streamline — 580+. VA IRRRL — flexible, varies by lender. DSCR and non-QM refinances have more flexible credit guidelines that depend on the specific program and lender. Call 407-630-9766 or submit a request online — Stacy will match you to the programs your credit profile qualifies for.

Most mortgage refinances close in 30 to 45 days from application. FHA Streamline and VA IRRRL refinances can sometimes close faster — 21 to 30 days — due to reduced documentation and no new appraisal required in most cases. Non-QM and DSCR refinances typically run 30 to 45 days due to manual underwriting. Timeline depends on document readiness and appraisal scheduling.

Required documents vary by loan type. Conventional/FHA: 2 years tax returns, recent pay stubs, W-2s, 2 months bank statements, current mortgage statement. Non-QM/Bank Statement: 12–24 months of bank deposits — no tax returns needed. DSCR Investment Property: current lease agreement or rent schedule — no personal income documentation required. FHA Streamline / VA IRRRL: minimal documentation, primarily your existing loan statement and 12-month payment history.

Yes. Jhenesis Mortgage offers DSCR cash-out refinances for Florida investment property owners. The loan qualifies based on the property’s rental income — no personal W-2s or tax returns required. This is popular with investors who want to pull equity from an existing rental property to fund their next acquisition or renovation. Loan amounts up to $1.5 million available through select programs.

Yes. Self-employed borrowers can refinance through Jhenesis Mortgage using a bank statement loan — 12 to 24 months of deposits verify income instead of tax returns. This solves what we call the Smart Tax Paradox: where legitimate deductions lower your taxable income on paper, making conventional qualification difficult even when your actual cash flow is strong. Your deductions shouldn’t cost you the refinance.

A VA IRRRL — Interest Rate Reduction Refinance Loan — lets eligible veterans, active-duty service members, and surviving spouses refinance their existing VA loan to a lower rate with minimal documentation and no new appraisal required in most cases. Jhenesis Mortgage is VA-certified and processes VA IRRRL refinances for Florida veterans. The new loan must lower your interest rate or monthly payment (with limited exceptions). No cash-out is permitted under the IRRRL program.

Refinance closing costs in Florida typically range from 2 to 5 percent of the loan amount. For a $300,000 refinance, expect approximately $6,000 to $15,000 in closing costs. Some programs allow costs to be rolled into the loan balance or offset with a slightly higher rate (no-closing-cost refinance). Jhenesis Mortgage provides a Loan Estimate within 3 business days of your completed application that discloses all costs upfront — no surprises.

Call 407-630-9766, email info@jhenesismortgage.com, or start your secure online application at jhenesismortgage.com. Stacy Ann Stephens (NMLS #1933745) personally reviews every refinance scenario and responds within one business day. As a licensed Florida Mortgage Broker (NMLS #2532705), Jhenesis Mortgage shops your refinance across 50+ wholesale lenders to find your most competitive rate and program.