Refi Possible℠ – supported by Freddie Mac – is a loan opportunity designed to help millions of homeowners lower their monthly interest rates through refinance, help them save more to increase housing stability, and help them build generational wealth.

While lower-income borrowers may think they can’t qualify for a refinance, this opportunity opens those doors back up to them by breaking down some of the most common eligibility barriers.

Refi Possible℠ can help homeowners by:
Providing lower-income borrowers who may not yet have taken advantage of lower interest rates and want to refinance with expanded flexibilities to lower their monthly mortgage expenses.

To qualify for Refi Possible℠ homeowners must have:

  • A first lien, conventional mortgage currently owned by Freddie Mac in whole or in part, or securitized by Freddie Mac
  • 1-unit primary residence
  • All eligible property types are permitted
  • A current income up to 80% of the applicable AMI limit for the subject property’s location.
  • Caliber Home Loans, Inc. must rely on the income used to qualify the borrower and submitted to Loan Product Advisor (LPA) to determine if the borrower's income exceeds the income limit.
  • Not have been 30 days delinquent to a mortgage payment in the past six months
  • Not have been 30 days delinquent to a mortgage payment more than once in the past 12 months
  • Not have been 60 or more days delinquent to a mortgage payment in the past 12 months
  • A mortgage with a loan-to-value ratio (LTV) up to 97%
  • A debt-to-income ratio (DTI) of 65% or less
  • A minimum 620 FICO® score

Existing mortgage loans must be owned or securitized by Freddie Mac. Appraisal waivers are eligible: A full interior/exterior appraisal ($500 credit provided if an appraisal waiver is not available).


  • Borrower income must be below or at 80% of the applicable AMI limit for the subject property's location
  • 620 minimum FICO® credit score
  • LTV/CLTV/HCLTV ratios up to 97%
  • Property must be a single-unit primary residence
  • Single-unit includes attached/detached single-family and PUD, condo, modular home, and cooperative unit
  • No missed payment in the past six months
  • No more than one missed payment in the past 12 months
  • For accurate AUS, run LPA on the web to obtain the appropriate IFI code J05. RefiPossible must be selected as the Offering Identifier.
  • Manual underwrite not allowed.

Access Blueprint for Brokers now to price your next loan!

**Guidelines subject to change. Refer to AllRegs® for complete details.

Join Us

Partnership at a higher caliber

Join Us