FHA Refinance in Southeast Wisconsin: Lower Your Rate, Pull Cash Out, or Drop Mortgage Insurance
If you bought your home with an FHA loan in the past few years, you might be sitting on a huge opportunity - especially if your current rate is above 7%. Whether you want to lower your monthly payment, cash out equity, or remove mortgage insurance, an FHA refinance could be the smartest move you make this year.
At Union Home Mortgage, we help homeowners across Milwaukee, Waukesha, and Southeast Wisconsin refinance quickly and painlessly.
1. FHA Streamline Refinance
This is the fastest and easiest way to refinance your FHA loan - no appraisal, no income documentation, and minimal paperwork.
Benefits:
- Lower your interest rate and monthly payment
- Skip the appraisal and income docs
- Close in as little as 2 - 3 weeks
Learn more from the HUD FHA Streamline Fact Sheet.
2. FHA Cash-Out Refinance
Need funds for home improvements, debt consolidation, or just building financial flexibility? An FHA cash-out lets you access your home equity - even with less-than-perfect credit.
Benefits:
- Tap into equity for any purpose
- Pay off high-interest debt or complete renovations
- Works with flexible credit and income
Explore detailed cash-out guidelines here: FHA Cash-Out Refinance Requirements
3. Refinance to Remove Mortgage Insurance (PMI)
As your home's value increases, you may be eligible to refinance into a conventional loan and drop monthly mortgage insurance altogether.
See how this compares by reviewing:
Learn more about 3% Down Conventional Loan Options
Milwaukee Area FHA Refinance Snapshot (2025)
- Current FHA Rates: Often lower than conventional
- Credit Score Minimum: As low as 580
- Equity Needed for Cash-Out: At least 20%
- Equity Needed for Streamline: None
Need help figuring out where you stand? Schedule your free mortgage review today.
Bonus: Annual Mortgage Reviews Save Money
If it's been more than a year since you closed, it’s time for a check-up. We offer free annual mortgage reviews, and over 40% of homeowners we help discover monthly savings or opportunities to remove PMI.
Ready to Refinance Your FHA Loan?
Whether you’re lowering your rate, tapping into equity, or exploring how to drop mortgage insurance - we're here to help.
- Call/Text: 414-975-2654
- Email: azeman@uhm.com
- Schedule a Review: Book on Calendly
- More Info: adamzmortgageteam.com/fha-refinance