Louisville Kentucky Guidelines for Home Affordable Refinance Program
|The Home Affordable Refinance Program is designed to assist homeowners in refinancing their mortgages – even if they owe more than the home’s current value, opening up a whole new market for home refinances.|
DU Refi Plus is a Fannie Mae no cash out refinance program offering reduced verification and documentation. DU determines eligibility. The program is available to borrowers who have a conventional mortgage which was acquired by Fannie Mae on or before June 1, 2009 (check with Fannie Mae). The borrower must receive a benefit in the form of a reduced principal and interest payment or a more stable mortgage product and receive an approval recommendation through DU as a DU Refi Plus.
Is your client's loan owned by Fannie Mae? The Fannie Mae Loan Lookup enables mortgage borrowers to quickly determine if Fannie Mae owns their loan : FANNIE MAE LOOKUPFannie Mae Frequently Asked Questions (PDF)