The Fannie Mae Desktop Underwriter Refinance Plus provides expanded guidelines for families who need lower interest rates but either have experienced falling home values or do not have enough equity to qualify for a traditional refinance. The program accepts lower credit scores, a reduction of employment information, and a relaxed loan to value ratio. In some situations, income documentation and appraisals are waived. Not all mortgages are qualified; call today to see if you're eligible.
Base Requirements:
Must be 12 months current on your mortgage.
Mortgage must be owned by Fannie Mae or Freddie Mac.
