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RefiNOW

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Program Highlights

FNMA’s new RefiNow program is an affordable refinancing option aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs by taking advantage of today’s historically low interest rates.

Available to borrowers at or below 100% of the area median income with debt-to-income (DTI) ratios up to 65%.

Explore Program Details:

  • $500 credit if an appraisal is required for the loan
  • Max LTV of 97%
    DTI up to 65% may be eligible
  • Max loan amount $647,250
  • Minimum credit score of 620
  • Fixed Rate Only
  • RefiNow is available for existing Conventional loans owned or securitized by
    FNMA*
  • DU Underwrite only
  • Non-Owner Occupancy Allowed
*Existing loans must be a Conventional mortgage loan owned or securitized by Fannie Mae. Not be subject to recourse, repurchase agreement, indemnification, outstanding repurchase demand, or credit enhancement (unless the new loan is also subject to the credit enhancement, or it’s no longer required). Not be an existing High LTV Refinance Loan, DU Refi Plus Loan or Refi Plus Loan.
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© 2025 All rights reserved LendingPros is a registered DBA of OCMBC, Inc. NMLS ID #2125. Equal Housing Lender. All rights reserved. Some products may not be available in all states. Programs and rates are subject to change without notice. Turn time estimates are not warranted or guaranteed. Some restrictions may apply. Underwriting terms and conditions apply and not all applicants will qualify. This is not a commitment to lend. For more licensing information, visit the Nationwide Multistate Licensing System’s Consumer Access website www.nmlsconsumeraccess.org. For our licensing information and lists please visit: Our Licensing page.  Intended for use by real estate and lending professionals only and not for distribution to consumers.