Du Refi Plus™ Refinancing Guidelines

Although DU Refi Plus™ provides existing Fannie Mae mortgage loans substantially looser qualifications standards, the Fannie Mae refinancing program does have some guidelines that may restrict some homeowners.

Here are the most important refinancing guidelines.

Guidelines on DU Refi Plus™

Cash-out refinancing can be more than $2,000 or 2 percent of mortgage amount
New subordinate financing is prohibited
All existing subordinations must be re-subordinated.
Paying off existing subordinate financing is not allowed (limited cash out)
Adjustable-rate mortgage loans with fixed terms of less than five years will not be approved
Interest-only mortgages are not eligible for the Fannie Mae refinancing program
Balloon mortgages are not eligible for the program
MyCommunityMortgage (MCM) mortgages are not eligible
Texas 50(a)(6) mortgages are not accepted
HomeStyle Renovation mortgages are will not be approved for refinancing

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™

First Name*
Last Name*
Email*
Phone Number*
State*
Loan Type*
Loan Amount*