It’s time to RefiNow

Lower your mortgage payment with Fannie Mae’s RefiNow program.



Do you want to take advantage of today’s super-low mortgage rates, but don’t think you could qualify for a refinance? I’m excited to tell you about a new program that’s putting monthly savings within reach for more homeowners.


Under Fannie Mae’s new RefiNow program, eligible homeowners can save at least $50 a month on their mortgage, with the potential to save an average of $100 to $250 a month.*








The RefiNow program also includes lower upfront costs. If your loan balance is at or below $300,000, you’ll be exempt from the adverse market fee, which normally adds 0.5% of your loan balance to your total refinance costs. In addition, closing costs can be rolled into your loan, minimizing the amount of cash you’d need to close.






A Fannie-Mae owned mortgage on your one-unit, primary residence. Find out if Fannie Mae owns your loan using this Loan Lookup Tool.

Current income at or below 80% of the area median income (AMI). Use this map to find out the AMI in your zip code.

No missed mortgage payments in the past six months, with no more than one missed payment in the past 12 months.

A loan-to-value ratio of 97% or less.

A debt-to-income ratio of 65% or less.

A minimum 620 FICO score.


*Estimate according to the Federal Housing Finance Agency. This is not a guarantee nor a commitment to lend. Actual program rates, terms, and conditions are subject to change at any time and may vary based on the borrower’s credit history. All loans are subject to credit and property approval. Certain restrictions may apply. Not all borrowers will qualify.

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