Refinance up to 105% Value of Home


In response to the Homeowner Affordability and Stability Plan, CFS Mortgage is pleased to announce a new refinance option. The Fannie Mae Refi Plus Program is a fixed rate, fully amortizing, conventional conforming first lien mortgage loan program.

The Refi Plus Program is designed to allow individuals refinance their properties at historical low interest rates in areas of the country where home values have declined.

 
Features of the Refi Plus Program:

• Loans up to 105% of the value of your home
• Primary Homes -105%
• Second Homes – 105%
• Investment Properties – 105%
• 620 Fico Scores
• Loan amounts to 417,000
• No limit to the number of properties owned
• Loan must be a Fannie Mae Loan
• Salaried borrowers require one paystub
• Self-employed borrowers require one year’s federal tax return
• No mortgage insurance required if you do not currently have it
• Existing mortgage insurance remains same if you have it
• Existing second mortgages must remain in place

 Please call for details and to see if your home has a Fannie Mae eligible loan.

Apply Now

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