Fannie Mae DU Refi Plus 125% Refinance Denver Colorado
Owe more on your home than it's worth? Want to refinance to take advantage of the low rates we are seeing right now? Then the Fannie Mae DU Refi Plus 125% Refinance may be able to help you.
Part of the government's Home Affordable Refinance Program, the Fannie Mae DU Refi Plus 125% Refinance will allow you to refinance into today's rates even if you owe more on your home than it's worth, up to 125% of your home's value. That means, on a home that appraises at $200,000, you can borrow up to $250,000 with this program.
Here are the highlights of the Fannie Mae DU Refi Plus 125% Refinance:
- If you don't have mortgage insurance now, you won't on your refinance, even if you have less than 20% equity.
- You must have a Fannie Mae Mortgage now in order to qualify. Check eligibility here
- Reduced documentation and/or appraisal waivers in some cases.
- Program available in most states.
- Low closing cost options available - roll in closing costs and bring no cash to closing.
- Rates are low, but will be higher with lower credit scores and/or higher loan-to-value ratios.
The Fannie Mae DU Refi Plus 125% Refinance is a fast and easy way for you to reduce your mortgage rate, refinance out of an interest-only mortgage into a principal and interest payment, or go from an ARM to a fixed rate.
Do you have a Freddie Mac mortgage? Then we have a program for you too! The Freddie Mac Open Access 125% Refinance can help you. This program is very similar to the Fannie Mae DU Refi Plus 125% Refinance and can also go to 125% of your home's value with great mortgage rates. Check Freddie Mac Eligibility
We offer a no obligation consultation and can help you determine if you are eligible for this great program. We will provide a free rate quote and present you with several options that will meet your needs so that you can make an informed decision as to whether or not the Fannie Mae DU Refi Plus 125% Refinance is right for you and your family.
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RJ Baxter First Mortgage Corp
Branch Manager
303-670-0137 (direct)
27902 Meadow Drive, Suite 120
Evergreen, Colorado 80439
