Popular

Refinance your mortgage

If your needs have changed, refinancing your mortgage can help you reach your financial goals.

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Why refinance?

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Lower your interest rate

Benefit from competitive interest rates and reduce your monthly payment. 

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Cash-out

Use the equity in your property for other financial goals. 

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Shorten your mortgage term

You could pay off your mortgage in less time.

Eligibility Criteria 

  • Minimum required credit score of 620 

  • Sufficient property equity

  • Stable and verifiable income

  • Acceptable payment history

  • Property as a primary residence, second home, or investment property

Refinance your mortgage loan with us!

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Contact our representatives

Monday to Friday, 8:00 a.m. – 6:00 p.m.; Saturdays, 8:00 a.m. – 12:00 p.m.

787.707.7070
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Request a consultation

Share your information and one of our representatives will contact you.

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Visit our Mortgage Centers

In the Locator, enter Mortgage Center to find the one nearest you. 

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Explore our products

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FHA (Federal Housing Administration)

  • Loan insured by the Federal Housing Administration (HUD), available to make refinancing your primary residence easier through an accessible and reliable process. 
  • Finance up to 97.75% of your property value, allowing for a higher financing amount depending on the purpose of your application. 
  • The maximum loan amount is determined by the municipality where the property is located, according to established limits. 
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Conventional Conforming 

  • Loan ideal for refinancing your primary residence, second home, or investment property. 
  • Financing of up to $832,750 for one-unit properties, with higher amounts available for two to four unit properties. 
  • By meeting investor requirements, you may be eligible for more competitive interest rates, helping you maximize your investment.
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USDA Rural Development Guarantee 

  • Loan guaranteed by the U.S. Department of Agriculture (USDA), ideal for refinancing a home in eligible rural or suburban areas. 
  • Includes a refinancing option for loans previously guaranteed by the agency, allowing you to improve your financial terms.
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Veterans (VA)

  • Loan guaranteed by the Department of Veterans Affairs (VA), exclusively for veterans, surviving spouses of veterans, and eligible members of the National Guard.
  • Finance up to 100% of the property value in purchases and refinances, eliminating the need for a down payment.
  • Offers preferential terms, subject to the agency’s eligibility and qualification requirements, and includes the VA funding fee. 
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Conventional Non-Conforming

  • Designed for those seeking greater financing flexibility beyond traditional limits.
  • Allows financing amounts above $832,750, subject to Popular’s established requirements.
  • Ideal for purchasing higher-value properties, offering personalized solutions based on your financial needs.
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FHA 203(k)

  • Loan that allows you to buy or refinance a property and finance repairs and improvements in a single loan.
  • Offers greater flexibility, since you can finance up to 110% of the projected appraised value of your home after improvements. 
  • Ideal for transforming a property into the home you want, increasing its value and functionality without compromising your capital.
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Streamline

  • Loan ideal for reducing your annual interest rate and/or monthly payment if your current financing is FHA, VA, or Rural. 
  • Simplified and agile process that does not require a new appraisal, speeding up the refinance and reducing costs. 
  • Available to customers who meet the eligibility requirements established by HUD, VA, and Rural Development.
watch video:

FHA (Federal Housing Administration)

  • Loan insured by the Federal Housing Administration (HUD), available to make refinancing your primary residence easier through an accessible and reliable process. 
  • Finance up to 97.75% of your property value, allowing for a higher financing amount depending on the purpose of your application. 
  • The maximum loan amount is determined by the municipality where the property is located, according to established limits. 
watch video:

Conventional Conforming

  • Loan ideal for refinancing your primary residence, second home, or investment property. 
  • Financing of up to $832,750 for one-unit properties, with higher amounts available for two to four unit properties. 
  • By meeting investor requirements, you may be eligible for more competitive interest rates, helping you maximize your investment.
watch video:

USDA Rural Development Guarantee

  • Loan guaranteed by the U.S. Department of Agriculture (USDA), ideal for refinancing a home in eligible rural or suburban areas. 
  • Includes a refinancing option for loans previously guaranteed by the agency, allowing you to improve your financial terms.
watch video:

Veterans (VA)

  • Loan guaranteed by the Department of Veterans Affairs (VA), exclusively for veterans, surviving spouses of veterans, and eligible members of the National Guard.
  • Finance up to 100% of the property value in purchases and refinances, eliminating the need for a down payment.
  • Offers preferential terms, subject to the agency’s eligibility and qualification requirements, and includes the VA funding fee. 
watch video:

Conventional Non-Conforming

  • Designed for those seeking greater financing flexibility beyond traditional limits.
  • Allows financing amounts above $832,750, subject to Popular’s established requirements.
  • Ideal for purchasing higher-value properties, offering personalized solutions based on your financial needs.
watch video:

FHA 203(k)

  • Loan that allows you to buy or refinance a property and finance repairs and improvements in a single loan.
  • Offers greater flexibility, since you can finance up to 110% of the projected appraised value of your home after improvements. 
  • Ideal for transforming a property into the home you want, increasing its value and functionality without compromising your capital.
watch video:

Streamline

  • Loan ideal for reducing your annual interest rate and/or monthly payment if your current financing is FHA, VA, or Rural. 
  • Simplified and agile process that does not require a new appraisal, speeding up the refinance and reducing costs. 
  • Available to customers who meet the eligibility requirements established by HUD, VA, and Rural Development.

Protect your home with Popular Insurance 

Protection for your home, whether you own or rent.

Learn more

Product offered by Banco Popular de Puerto Rico. Member FDIC. All offers are subject to credit approval. Certain restrictions apply. OCIF Lic. B-1.

Popular Mortgage is a division of Banco Popular de PR. 

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