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