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Ready to refinance your home? 

New mortgage refinance programs may be able to help.

Fannie Mae and Freddie Mac are rolling out new refinance options that are making it possible for a larger pool of homeowners to refinance and secure a more manageable interest rate and monthly payment.

RefiNowTMby Fannie Mae and Refi PossibleSMby Freddie Mac may be able to help you take back control of your monthly payments, freeing up extra cash each month to use for things like long-term savings, surprise expenses or other debt payments.  Connect with one of our mortgage lending experts today to see if refinancing could give you some financial breathing room. 
 

RefiNowTM for select Fannie Mae Borrowers

RefiNowTM is a mortgage solution from Fannie Mae meant to enable low-income borrowers to take advantage of historically low interest rates. This offer is available to all qualified borrowers who start their mortgage application on or after June 5, 2021.

Refi PossibleSM for select Freddie Mac Borrowers

Freddie Mac will soon offer a similar program called Refi PossibleSM. This new refinance option will open up to borrowers applying for a new home loan on or after August 30, 2021.

Requirements to Apply for RefiNowTM and Refi PossibleSM 1

 
  • Your income must be less than or equal to 100% of the applicable area median income where your home is located

  • Your existing loan must have closed at least a year ago

  • Your new loan must be a fixed-rate mortgage, reduce your current interest rate by at least 0.5% and lower your monthly payment
  • You must have a FICO score of at least 620
  • Your home must be a one-unit primary residence
  • All of your mortgage payments over the past six months must have been on time and you must have no more than one 30-day late payments in months 7-12 of the past year

Check to see if you qualify. 

Fannie Mae Loan Lookup

Freddie Mac Loan Lookup


Ready to get started?

Begin your secure application now.

 


 

Find out how these new financing options can benefit you. 
Connect with you local lender today!


Call 1-800-914-8224 to get started.

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Other refinance options

Not a Fannie Mae or Freddie Mac borrower? You may still be eligible to refinance your mortgage loan with United. Get connected with a mortgage lending expert today to learn more. 

Learning Center

Your Monthly Mortgage Payment

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When you start making mortgage payments, your monthly statement will show you exactly how your money is being used. You might be surprised by the amount going towards paying down the principal on your loan – it’s probably a lot lower than you expected.
Don’t panic – everything is as it should be.
 
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Why does my loan servicer matter?

By United Community Mortgage Services

When you’re shopping for a mortgage, locking in a low interest rate is likely your main priority. But don’t forget to ask your mortgage loan originator what happens to your loan after it closes.
Read Article

Why are mortgage interest rates rising?

By United Community Mortgage Services

Mortgage interest rates are rising, and they’re rising fast. In fact, we’ve seen the fastest rise in rates since 1987. So, what’s fueling the surge? Read more to find out.
 
Read Article

Member FDIC. © 2022 United Community Bank | NMLS# 421841 | ucbi.com/mortgage | United Community Mortgage Services is the mortgage lending division of United Community Bank. We are an approved seller/servicer for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Mortgage Corporation (Freddie Mac). Normal credit criteria apply. 

1Other restrictions apply. Not all borrowers will qualify. This is not a commitment to lend. Loan may not be an existing high LTV refinance loan, DU Refi Plus®, or Refi Plus® loan.