DU Refi Plus aka Home Affordable Refinance Plan

This plan was announced by the Treasury Department in Feburary and additional details were released in March.  The refinance program allows borrowers to refinance up to 105% of their home’s value using a streamlined refinance option through Fannie or Freddie.

The first step is to determine whether either Fannie or Freddie guarantees your mortgage.  To do that, visit these sites:

Freddie:
https://ww3.freddiemac.com/corporate/

Fannie:
http://loanlookup.fanniemae.com/loanlookup/

Once you determine that your mortgage is held by one of those two, you must also ensure that you have not been more than 30 days late on your mortgage during the past 12 months.  If you meet both of those criteria, then you are eligible to apply for the program.  Please call us to proceed.  Remember that just meeting these criteria do not guarantee that you will be able to participate in the program as there are a number of other restrictions in place.