Fannie Mae’s New “REFINOW” Option, Helps Lower-Income Borrowers.

Fannie Maes new RefiNow™ option, which is available for qualifying homeowners with a -owned began June 5, 2021, makes it easier for eligible homeowners earning at or below 80% area median income (AMI) to at a lower interest rate and reduce their monthly payment. Are you below the 80% area median income? Check here.

See if you Pre qualify now!

Still unsure? Use these resources below to Check if you qualify:

Check if you have a backed mortgage:
Loan Lookup Tool 👉 https://.com.

Are you at or below the 80% area mean income?

Have you missed more than 1 payment in the past 12 months?
They only allow 1.

Have you missed any payments in the past 6 months?
They do not allow any missed payments within the last 6 months.

Are you above 620 FICO score?
This is the minimum FICO.

Is your loan-to-value ratio up to 97%?
This is the maximum LTV.

What is Loan to Value Ratio:

Is your debt-to-income ratio 65% or less?
This is the maximum DTI.

What is Debt to Income Ratio:

Read the Full Article on my Website:

Even if you don’t check all the boxes, let my team get you in the perfect mortgage, whether that’s a Purchase or a Refinance.

It’s never been a better time!

#Refinance #REFINOW #shorts #Home-Refinance #Fannie-Mae #KnowYourOptions #620-credit-score #credit-score #loan-to-value-ratio #debt-to-income-ratio #

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