DU Refi Plus

Desktop Underwriting Refi Plus is a loan program under the Home Affordable Refinance Program through Fannie Mae. The loan guidelines are under Fannie Mae and serviced by lenders. Fannie Mae allows homeowners to refinance over 100% percent of the value of their existing home depending on qualified borrowers and will sometimes accept borrowers with credit scores lower than 640 – case by case. The guidelines are more relaxed regarding income documentation and some scenarios may waive a new appraisal.

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