DU Refi Plus
What is a DU Refi Plus?
Designed for borrowers who have an acceptable payment history on a mortgage currently held or guaranteed by Fannie Mae but have been unable to refinance to obtain a lower payment, the DU Refi Plus allows you to benefit from lower rates without having to pay mortgage insurance.
Offering a program of 15- or 30-year fixed, fully amortizing mortgages specifically designed to provide a flexible refinancing option for your Fannie Mae loan. The Desktop Underwriter (DU) REfi Plus™ lets homeowners whose mortgage loan is owned by Fannie Mae refinance and take advantage of the current historically low mortgage rates.
The Benefits:
Designed for borrowers who have an acceptable payment history on a mortgage currently held or guaranteed by Fannie Mae but have been unable to refinance to obtain a lower payment, the DU Refi Plus allows you to benefit from lower rates without having to pay mortgage insurance.
Offering a program of 15- or 30-year fixed, fully amortizing mortgages specifically designed to provide a flexible refinancing option for your Fannie Mae loan. The Desktop Underwriter (DU) REfi Plus™ lets homeowners whose mortgage loan is owned by Fannie Mae refinance and take advantage of the current historically low mortgage rates.
The Benefits:
- No minimum credit score required for eligibility.
- Reduces the amount of documentation (such as employment information) required by lenders.
- In some cases, you have the option to waive an appraisal.
