RefiNow by FannieMae – up to 65% DTI

If your loan already with Fannie Mae, you can reduce your monthly payment.

$500 Free for Appraisal Credit

  • If your income at or below 100% of their area median income (AMI) limit, then you can reduce their interest rate by a minimum of 50 basis points. 
  • Loan must be conventional and owned or securitized by Fannie MaeMust have a reduction in their monthly mortgage payment*
  • 30-year fixed loans with an LTV up to 97%
  • 620+ FICO, up to 65% DTI
  • Primary residence rate/term refinance
  • $500 credit from Fannie Mae if an appraisal was obtained

Refinance Possible by Freddie Mac – up to 65% DTI

If your loan already with Freddie Mac, you can reduce your monthly payment.

$500 Free for Appraisal Credit

As with Fannie Mae’s RefiNow, applicants must have income at or below 100% of their area median income (AMI) and be able to reduce their interest rate by a minimum of 50 basis points.

Loan must be conventional and owned or securitized by Freddie Mac
Must have a reduction in their monthly mortgage payment*
30-year fixed loans with an LTV up to 97%
620+ FICO; up to 65% DTI
$500 credit from Freddie Mac if an appraisal was obtained