Refi Possible - FHLMC

Freddie Mac Refi Possible. A refinance option for low to moderate income borrowers.

The flexibility and variety offered from Freddie Mac Refi Possible provides borrowers who may not qualify for a traditional refinance due to their income, with the best possible options to refinance their current mortgage

Borrower income: Less than or equal to 100% area median income (AMI)

DTI up to 65% for LPA and manually underwritten mortgages

Cash out limited to $250

No minimum requirement for Loan Product Advisor® (LPASM) and manually underwritten mortgages.

First Lien, conventional fixed-rate mortgage currently owned by Freddie Mac, in whole or in part, or securitized by Freddie Mac

No super conforming, temporary subsidy buydowns or Texas Equity Section 50(a)(6) Mortgage

No existing secondary financing may be satisfied with proceeds

Freddie Mac Refi Possible offers more options to help you assist more low-and moderate-income borrowers to consider refinancing their current loans.

Refi Possible offers flexibilities to help borrowers take advantage of the current low interest rate market by refinancing their mortgages and lowering their monthly mortgage payments. This refinancing option, targeted toward low-moderate income borrowers, may be especially beneficial for borrowers who may not believe they qualify for refinancing due to their incomes.