Borrowers can refinance with Griffin Funding to lower their rate, change their loan term, or alter their loan type. We offer a wide range of refinance options, including rate-and-term, cash-out, VA IRRRL, FHA streamline, and much more. Explore traditional refinance options as well as self-employed and investor refinancing solutions.

Griffin Funding Refinancing Options

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We offer the following mortgage refinancing options at Griffin Funding:

  • Rate-and-Term Refinance: Lower the rate on your current mortgage if rates have dropped or your financial profile has improved. You can also extend your loan term to lower your monthly payment, shorten your term to pay off the loan faster, or switch from an adjustable-rate mortgage to a fixed-rate loan. 
  • Cash-Out Refinance: Replace your current mortgage with a larger one and pocket the difference in cash. Use the money to consolidate debt, fund renovations, or for anything else you’d like. Check out our cash-out refinance calculator to see what this loan could look like for you. 
  • VA IRRRL: A VA Interest Rate Reduction Refinance Loan (IRRRL) allows borrowers to refinance their mortgage with limited out-of-pocket costs and no VA appraisal required in most cases. 
  • VA Cash-Out Refinance: Replace your current mortgage with a larger loan and keep the difference while benefitting from low VA rates and no PMI requirement. 
  • FHA Streamline Refinance: Borrowers who currently have FHA loans can use this streamlined refinance option to alter their rate or term with minimal paperwork and no appraisal required in most cases. 
  • FHA Cash-Out Refinance: Replace your current mortgage with a larger loan and pocket the difference. Secure highly competitive FHA loan rates and benefit from more flexible eligibility standards. 
  • USDA Streamline Refinance: Borrowers who currently have a USDA loan can use this streamlined refinance option to lower their rate or adjust their term with minimal paperwork, flexible qualification guidelines, and no appraisal required in most cases. 
  • Self-Employed Refinance: Qualify for a rate-and-term or cash-out refinance loan using bank statements as proof of income rather than tax returns or pay stubs. Use our bank statement loan refinance calculator to see what this type of loan could look like for you. 
  • DSCR Cash-Out Refinance: Investors can qualify for a DSCR cash-out refinance using a property’s rental income (DSCR) rather than personal income. This can be a great way to expand your real estate portfolio or upgrade your current properties while maintaining cash flow. Use our DSCR refinance calculator to see what this loan could look like for you. 

Take a look at today’s mortgage refinance rates to compare interest rates for these different loan types. 

Who Griffin Funding Helps Most When Refinancing

Griffin Funding caters to a wide variety of borrower profiles. Some of the most common borrower profiles that refinance with us include: 

  • Homeowners looking to lower their monthly payment: A rate-and-term refinance can help you lower your monthly payment by allowing you to reduce your rate, remove mortgage insurance, or extend your loan term. A lower monthly mortgage payment can ease financial stress and allow you to allocate funds to debt consolidation, investments, home improvement projects, and much more. 
  • Veterans seeking a quick and easy VA refinance: We offer both VA IRRRL and VA cash-out refinance options. We have extensive experience working with veteran borrowers and navigating the VA lending process. 
  • Real estate investors refinancing to grow their portfolio: With options like the DSCR cash-out refinance loan, we offer flexible refinancing options that real estate investors can use to expand their portfolio without compromising cash flow. 
  • Self-employed borrowers with alternative income documentation: We specialize in alternative mortgage solutions and provide flexible refinance options that cater to small business owners, contractors, freelancers, content creators, retirees, and much more. 
  • Borrowers who don’t fit traditional lending guidelines: If you don’t have traditional income documentation or take a lot of tax write-offs, this can disqualify you from some refinancing options. However, we provide mortgage refinancing options that can help you achieve your goals. We can also work with borrowers who have less than perfect credit or have experienced credit events such as bankruptcy or foreclosure in the past. 

What Separates Griffin Funding From Other Lenders?

Here are some of the things that make Griffin Funding stand out from other mortgage lenders:

  • Direct-to-consumer mortgage lender: Griffin Funding is a direct mortgage lender, meaning you won’t be dealing with brokers or middlemen when you refinance with us. This also allows us to offer competitive pricing, flexible qualification guidelines, and quick turnaround times. 
  • Excellent customer service: Every refinance through Griffin Funding is a personalized experience, and we’ll help you through the process from start to finish. The borrowers who work with us are satisfied — read our reviews and testimonials to see what real people have to say about Griffin Funding. 
  • Flexible documentation options: In addition to traditional mortgage refinance options, we also offer refinance options that allow borrowers to qualify using alternative documentation such as bank statements or DSCR. 
  • Investor-friendly approach: We specialize in DSCR loans and refinances, and can help you start or expand your real estate portfolio. 
  • Streamlined digital application process: Our easy-to-use online application helps save you time and energy when pursuing a refinance loan. Additionally, technology like our non-QM AI underwriting platform helps optimize the user experience. 

What You Can Refinance With Griffin Funding

A couple speaks with their mortgage lender in her office.

You can refinance a wide range of property and loan types with Griffin Funding, including: 

  • Primary residences
  • Second homes
  • Investment properties
  • Short-term rentals
  • VA loans
  • Mortgages requiring alternative documentation

The Griffin Funding Refinancing Process: What to Expect

When you refinance your mortgage with Griffin Funding, here’s what the general process will entail: 

Step 1: Initial discovery call to understand goals

In an initial meeting, we can get a better understanding of why you’re refinancing, what you’re looking for, and what your goals are. If you have a refinancing option in mind, we can assist you in getting started. Alternatively, if you want to compare your refinancing options, we can advise on what may be best for your unique situation. 

Step 2: Document review 

Get pre-approved for a refinance loan and submit core documentation for review. Whether you’re using tax returns, bank statements, or rental income to qualify, we’ll take a look at your documentation and your financial profile to determine the rates and loan terms you qualify for. 

Step 3: Custom refinance strategy

Based on your goals and financial profile, we will help you determine the best path forward and create a customized refinancing strategy. At this point, we can provide you with a breakdown of what projected payments will look like and closing expectations. 

Step 4: Appraisal and underwriting

Once you enter into the underwriting stage of the process, we review your financial profile in more depth and verify documentation. An appraisal will also be ordered if required. 

Step 5: Final approval and closing

After receiving final approval, you’ll have the opportunity to review your loan terms before signing. You can sign the final closing documents either online or in-person. 

Refinance Your Mortgage With Griffin Funding

You can refinance your mortgage with Griffin Funding — we make the process smooth, quick, and easy. Experience best-in-class customer service, flexible refinancing options, and competitive rates when you work with us. 

Reach out today to connect with one of our loan officers or get started online right away.

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Frequently Asked Questions

Is right now a good time to refinance?

Whether right now is a good time to refinance heavily depends on your personal circumstances and financial goals. For example, if you’ve built up equity in your home and need cash to consolidate debt or capitalize on an investment opportunity, then it may be a good time for you to get a cash-out refinance loan. Alternatively, you can free up some extra cash each month by refinancing to extend your loan term or seeing if you qualify for a lower rate. 

Whether it’s a good idea to refinance depends on market conditions and rates, too. The Federal Reserve has cut rates twice in 2025, potentially creating an opportunity for some homeowners to secure a lower mortgage rate.

Do I have to be a current Griffin Funding customer to refinance?

No, you don’t have to be a current customer to refinance with Griffin Funding. You can refinance with us even if your mortgage is from another lender.

How fast can I close on a refinance with Griffin Funding?

The refinancing process typically takes between 30 and 45 days. The exact refinancing timeline will depend on the complexity of your loan, appraisal scheduling, and how quickly you’re able to respond to lender questions and inquiries.

Will refinancing hurt my credit?

It’s possible that refinancing can impact your credit score in the short-term. Refinancing typically involves a hard credit inquiry and the opening of a new tradeline, which can temporarily affect your credit score. However, the negative impact on your credit is typically minor and generally stabilizes after a few months.

Bill Lyons is the Founder, CEO & President of Griffin Funding. Founded in 2013, Griffin Funding is a national boutique mortgage lender focusing on delivering 5-star service to its clients. Mr. Lyons has 24 years of experience in the mortgage business. Lyons is seen as an industry leader and expert in real estate finance. Lyons has been featured in Forbes, Inc., Wall Street Journal, HousingWire, and more. As a member of the Mortgage Bankers Association, Lyons is able to keep up with important changes in the industry to deliver the most value to Griffin's clients. Under Lyons' leadership, Griffin Funding has made the Inc. 5000 fastest-growing companies list five times in its 12 years in business.