(As of March 8, 2012)

  • Fannie Mae or Freddie Mac must be the investors on the loan
  • The loan must have been purchased by Fannie or Freddie by June 1, 2009
  • No mortgage lates in the past six months but one in the previous twelve months is okay
  • Underwater? No problem? No appraisal required (at least that is what we have been told)
  • Second’s okay (although loan to value” cap
  • Lower your payment by refinancing into today’s interest rates
  • Limited Documentation
  • Closing Costs can be included into the loan
Diane Gerdes