A New Mortgage Refinance Option Within Reach.

RefiNow Loan
Offers expanded eligibility requirements that will give an estimated 2 million additional borrowers a chance to refinance to a lower interest rate and reduce their monthly mortgage payments.


It's as Easy as 1, 2, 3!



Apply for your RefiNow Loan.



Start saving money!

What Is a Refinance Loan?

Refinancing occurs when a homeowner gets a new mortgage loan to replace their current one on a given property. Most people refinance to lower their interest rate and reduce their mortgage payments, often saving considerable sums over the life of the loan. Though that isn’t the only reason homeowner’s refinance. Some may switch to a shorter duration mortgage (from a 30 year to a 15 year for example) to pay off their house earlier or they could refinance to cash out some of the equity that has built up in the house.

What This Program Is:

A Fannie Mae (FNMA) sponsored program for existing FNMA borrowers living in single family homes or condos. To qualify you: 

  • Must have an income level that is at or below 80% of the area median income. 

  • Must have your existing loan for longer than 12 months 

  • Have no missed mortgage payments in the last six months and no more than one in the last year. 

  • Can have a Debt to Income Ratio  as high as 65%. 

  • Can have a FICO Score as low as 620

  • Can have a loan to value ratio(LTV – ratio of the amount you owe to the value of your property) as high as 97%.

  • If an appraisal is involved, up to $500 can be used to offset the cost of the appraisal.

Benefits of This Program

RefiNow can save you significant money by reducing your monthly mortgage payments.

It makes it easier to qualify to refinance, even if you have less than perfect credit.

It also helps reduce your closing costs and expands the amount you might have previously been able to borrow.


How Do You Know If You Are Eligible?

The best way to find this out is to talk to one of our loan advisors. They can look up your loan and determine if you qualify. Even if you don’t, they might be able to qualify you for another type of loan. 


If you want to get started on your own here are a few tools that will help. 


To check if your loan is currently owned by Fannie Mae, click here

To see how your income level compares to the median for the area in which you live, click here.

Personalized Help

The Loan Officer will also explain all the steps–from getting started, to locking in your low rate, to closing your loan.  Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.