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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.


You do need to meet certain requirements to qualify for RefiNowTM and Refi PossibleSMincluding1:
  • Your income must be less than or equal to 80% of the applicable area median income where your home is located
  • Your existing loan must have closed at least a year ago, but no more than 10 years ago
  • Your new loan must be a fixed-rate mortgage, reduce your current interest rate by at least 0.5% and lower your monthly principal, interest and mortgage insurance (if applicable) payment by at least $50
  • 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 payment in month 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

New refinancing options for low-income borrowers

By United Community Mortgage Services

Fannie Mae and Freddie Mac are rolling out new refinance options for borrowers with incomes at or below 80% of the area median income. If your mortgage is owned or guaranteed by either Fannie Mae or Freddie Mac, you may be eligible to refinance your mortgage using these new refinance options. Read on to learn more about these new products.
 
Read Article

Lock in your rate

By United Community Mortgage Services

When it comes to your mortgage, your interest rate is a key piece to the puzzle. That’s the number that will dictate how much you pay to borrow the money that will be used to finance your home. Read more to learn how to "lock in" your interest rate. 

Read Article

Steps to buying a home

By United Community Mortgage Services

There are a lot of moving parts to the home buying process – and just about as many people!

You’ll work with your lender, real estate agent, the seller, the listing agent, home inspector, maybe a transaction coordinator or two – the list goes on and on.

So where do you even start? Glad you asked.
 
Read Article

Member FDIC. © 2021 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.

* Higher loan amounts available, but subject to a 50 bps market condition credit fee in price.