Du Refi Plus™

Refinancing Is Easier With Fannie Mae's DU Refi Plus™

Desktop Underwriter Refi Plus (DU Refi Plus™), a new program offered by Fannie Mae can make refinancing faster and easier for many homeowners. Potentially, millions of Americans can benefit from the streamlined refinancing.

Looser restrictions can mean lower monthly payments for borrowers qualifying for the Fannie Mae refinancing program.

DU Refi Plus™ as part of the Making Home Affordable program the government recently introduced to improve the housing market. Homeowners can obtain refinancing through DU Refi Plus™ even if they have lower credit scores and less income documentation. In some cases, the DU Refi will waive the requirement for an appraisal.

For more information on DU Refi Plus Call us at the phone number above, or fill out the form on the right.

Our DU Refi Plus Experts are standing by to answer your questions.

Today's DU Refi Rates

Product	Rate	APR	Points	Lock Days
30-Year Fixed	3.500%	3.631%	1	30
15-Year Fixed	2.750%	2.981%	1	30
30-Year FHA	3.500%	4.858%	1	30

Note: All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, a $495 application fee, $400 appraisal fee, $715 underwriting fee and a $16 flood certification fee for qualified applicants with full documentation of income. Other fees will also impact APR and all rates are subject to change without notice.

What is DU Refi Plus?

Under DU Refi Plus™, the Fannie will identify existing Fannie Mae loans and check their performance history, Brian Faith, Managing Director of Communications for DU Refi Plus™. That helps lenders offer more streamlined refinancing with the Fannie Mae refinance program.

Homeowners can use DU Refi Plus™ to refinance up 105 percent of their home's value and can provide only one pay stub for income documentation. In some instances, the Fannie Mae refinancing program will approve homeowners with credit scores under 580, the current minimum.

DU Refi Plus™ is designed to help financially struggling homeowners meet their mortgage payments to keep their homes by refinancing their mortgage and lowering their monthly payments. All home mortgages that Fannie Mae now owns or guarantees are eligible for the streamlined refinancing.

For More Information about DU Refi Plus™:

For more information, complete the form on the right to have a mortgage professional contact you.

Click on the links below to learn more about DU Refi Plus™

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