RefiNOW
Program Highlights
FNMA’s new RefiNow program is an affordable refinancing option aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs by taking advantage of today’s historically low interest rates.
Available to borrowers at or below 100% of the area median income with debt-to-income (DTI) ratios up to 65%.
Explore Program Details:
- $500 credit if an appraisal is required for the loan
- Max LTV of 97%
DTI up to 65% may be eligible - Max loan amount $647,250
- Minimum credit score of 620
- Fixed Rate Only
- RefiNow is available for existing Conventional loans owned or securitized by
FNMA* - DU Underwrite only
- Non-Owner Occupancy Allowed
*Existing loans must be a Conventional mortgage loan owned or securitized by Fannie Mae. Not be subject to recourse, repurchase agreement, indemnification, outstanding repurchase demand, or credit enhancement (unless the new loan is also subject to the credit enhancement, or it’s no longer required). Not be an existing High LTV Refinance Loan, DU Refi Plus Loan or Refi Plus Loan.
Learn More
Have a loan that you want to discuss with our experienced team? Drop the details here.
No Speed Limits here. Your Forward Lending TPO submission portal reduces days to close by being fast and efficient.
- Get on the Forward Lending TPO Track and find out why our portal LAPS the others.
- Get Pricing immediately on our Prime and Non-QM Programs.
- Run Credit, DU/LP separately or at the same time.
- Run Credit, DU/LP separately or at the same time.
- Disclose your loan immediately or Quick Submit, up to you.
We keep you on time, on track, and ready to close!