Freddie Mac Refi Possible
Refi Possible provides expanded flexibilities suitable for borrowers who may not have taken advantage of low interest rates and want to refinance into a more sustainable mortgage that promotes long-term homeownership success. With Refi Possible, lower-income homeowners have additional flexibility to capitalize on this historic opportunity to reduce their monthly mortgage expenditures.
Refi Possible enables lenders to help creditworthy, lower-income borrowers refinance into a more affordable mortgage while minimizing upfront costs and maximizing program accessibility.
- Borrowers qualify if income is at or below 80% of AMI
- Waives the 50 bps adverse market refinance fee for loans ≤ $300,000
- Designed to give lower-income borrowers a more affordable, stable mortgage
Contact your Account Executive or the Lock Desk – [email protected] for more information
Contact your Account Executive or the Lock Desk – [email protected] for more information