RefiNow Mortgage
The RefiNow home loan can help homeowners refinance.
RefiNow is a program from Fannie Mae created to offer financial relief for homeowners by allowing them to save money on a refinance loan to lower their monthly payments.
Are you eligible for a RefiNow mortgage? You may be if:
- You occupy your home as your primary residence
- Your mortgage is owned or securitized by Fannie Mae
- Your income is less than or equal to 100% of the applicable AMI limit in your area
- Your mortgage is not subject to recourse, has an outstanding repurchase demand, credit enhancement, or other
- Your current mortgage loan-to-value (LTV) ratio is greater than 80%
- You are current on the mortgage at the time of the refinance, with a good payment history in the past 12 months
The new loan must be refinanced to a fixed rate loan, meet Loan-to-Value requirements, has no change in borrowers. In addition, any subordinate lien cannot be paid off with the refinance loan, but must be resubordinated to the new loan.
To learn more, or request a no-obligation rate quote, contact us today.
How to Get Started
To find out if you are eligible for a RefiNow Mortgage, apply online, or contact us today: 808-270-2775 or toll-free 1-877-270-2542