Are there any refinance loans with absolutely no out of pocket closing costs?

Yes. I need to know the details of the transaction. You may call me at 714-403-6948

Probably the only program that is capable of doing that right now is the CalHFA Conventional with ZIP, EXTRA & maybe CHDAP if you need it. The basic qualifying criteria is 640 credit score, and loan amount cannot exceed $417,000. Income restrictions do apply, but they are pretty generous.

There definitely are Jeremy, I have some great spreadsheets that will show you the short term vs long term cost/benefit of looking at no cost vs. cost refinances.

There are No cost loans you're most likely eligible for. To find out more contact your local lender. I can also help and can be reached via email at mmesa@rateonefinancial.com or via phone at 818.284.6480 ext. 103.

In refinancing over the past few years more and more people request "no closing costs" and we have been able to provide them those loans because the rate difference has not been a very significant difference between a refinance loan with say $2500 cost rolled into the loan. It can often be good for you to view one loan with fees and "0 points" rolled into it to compare with one without closing costs. You simply take the monthly savingsand divide it into the additional closing costs to determine how quickly you will recoup your costs. After that is just pure monthly savings and sometimes it maybe worth it to include closing costs in your loan.

Just about every type of refinance program has options where you don't need cash out of pocket. Start by contacting a LOCAL mortgage broker and apply with them. By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com