Skip to main content
Alert Icon

Click for our most recent information on:   COVID-19  |  Branch Status  

Alert Exit

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.

Connect with a local lender.

Preferred Contact Method:
Are you a current customer?
How can we help you?

You can also contact our mortgage experts at 800-914-8224.

 

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

Five Tips to Get You Closer to Your Financial Goals

By United Community Mortgage Services

At the beginning of the year, a lot of people focus on making financial goals, such as saving more money, improving credit, and investing. So, we put together five tips you can use to start checking off those financial new year’s resolutions.
Read Article

4 Strategies to Pay Off Your Mortgage Faster

By United Community Mortgage Services

If you’re a homeowner, your house payment is probably one of the highest bills you pay each month. So imagine what life would be like if you could eliminate that monthly expense.

Check out our four strategies to learn more about ways you could potentially pay off your mortgage years before you’re obligated to and, in the process, save thousands of dollars.1
 
Read Article

5 Things to Consider Before Buying a Second Home

By United Community Mortgage Services

I think it’s safe to say we’ve all spent more than our fair share of time at home lately. And that might have you thinking about buying that home on the lake, beachfront getaway or mountain retreat – somewhere you can quickly and easily get away for a few days (or even a few months!).

But before you make an offer on a second home, you need to do your research to make sure that investment really makes sense for you.
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.