MORTGAGE PROGRAMS • Last Update: June 2021
New Refinance Program Offers a Guaranteed Lower Rate, If You Qualify
(Washington, D.C.) – There’s a new government program, RefiNow TM, that’s designed to help homeowners who haven’t been able to get a refinance. If you haven’t missed a mortgage payment in the last 6 months, this program may be for you.
It’s estimated that this new program could save homeowners an average of $1,200-$3000 a year¹. Not only that but you may be able to get a credit up to $500 to pay for an appraisal.
Sadly, some people think this refinance program is "too good to be true.” This is not true, this is a government sponsored program that helps guarantee:
At least a .5% reduction in your interest rates
At least a $50 a month mortgage savings
Up to $500 Appraisal credit
Would you like to take advantage of this program? Find out if you qualify
To Qualify for this program, you need to meet these requirements:
Have a Fannie May-Backed Mortgage
Lower Income Qualified Borrower²
A credit score of at least 620
Not missed a payment in the past 6 months
Many homeowners are eligible, as more than 2 million low-income families did not take advantage of the record low rates to refinance. If you want to lower your house payment, shave years off your mortgage or get some extra needed cash out, this program might help you just do that! But, it’s crucial that you act while this refinance program is still available.
Want to Find Out If You’re Eligible?
It's simple and can take as little as 60 seconds:
Step 1: Select your home type below, then answer questions on the next page.
Step 2: After you complete the questions, you can find lenders who can help you refinance