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Available to borrowers at or below 100% of the area median income with debt-to-income (DTI) ratios up to 65%, RefiNow offers features that help to address some of the barriers to refinance and is a great option for creditworthy borrowers who may not have previously qualified.
- Fannie Mae
Fannie Mae today issued additional details about its new...
- Lender Letter
In coordination with Freddie Mac and under the guidance of...
- RefiNow
RefiNowTM is an afordable refinancing option for qualifying...
- Fannie Mae
5 maj 2021 · RefiNow is a new option for eligible homeowners with a Fannie Mae-owned mortgage to refinance at a lower interest rate and reduce their monthly payment. It requires a minimum of 50 basis points interest rate reduction, a $500 credit to the lender, and waives the up-front fee on balances up to $300,000.
6 kwi 2022 · In coordination with Freddie Mac and under the guidance of FHFA, Fannie Mae introduced the RefiNow refinance option that provides expanded eligibility to benefit borrowers at or below 100% of the area median income (AMI) limit and helps more borrowers take advantage of the current lower interest rate environment. RefiNow requirements
RefiNowTM is an afordable refinancing option for qualifying homeowners aimed at making it easier and less expensive to reduce monthly housing costs. The matrix below summarizes our eligibility guidelines for RefiNow. Please refer to Lender Letter LL-2021-10 for additional information.
The Refi PlusTM/Home Affordable Refinance Program (HARP) helps borrowers with little or no equity in their homes refinance into more affordable mortgages. HARP targets borrowers with high loan-to-value (LTV) ratios and who have limited delinquencies over the 12 months before refinancing.
Refi Plus is a program that allows borrowers to refinance their mortgages even if they owe more than their homes are worth. Learn how Refi Plus loans have recovered equity, performed well, and may be transferred to private investors through Fannie Mae's CAS transactions.
Refinance for Fannie Mae loans. With RefiNow TM , eligible borrowers with Fannie Mae-owned loans may take advantage of benefits like: A lower interest rate. Reduced monthly payments. Savings on up-front and out-of-pocket appraisal expenses.
