Help Your Clients Save More and Close More Refi Deals

RefiNow™ is built for homeowners who were left behind by traditional refinance options. When rising rates, tighter guidelines, or lower incomes shut borrowers out, this program creates a clear path to real payment relief, without the barriers of standard refis.

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Why They’re Useful 

Many homeowners still need help but don’t qualify for conventional refinancing due to income, debt ratios, or missed timing. RefiNow™ specifically targets lower‑income borrowers, delivering guaranteed savings requirements and reduced costs to ensure the refinance actually makes a difference. This isn’t a “rate‑chase” refinance it’s a payment‑driven solution designed to improve affordability.

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Key Highlights​

• Income at or below 100% Area Median Income (AMI)

• Minimum 50 basis point rate reduction required

• At least $50/month payment reduction

• DTI allowed up to 65%

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Added Benefits

• $500 appraisal credit (if appraisal is required)

• No minimum credit score

• Limited cash‑out allowed (to pay off debts or cover costs)

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Program Snapshot

• Loan Type: Conventional Refinance (Fannie Mae)

• Income Limit: ≤ 100% AMI

• Savings Requirement: 50 bps rate drop + $50/month reduction

• DTI: Up to 65%

• Credit Score: No minimum

• Occupancy: Owner‑occupied, 1‑unit primary residence

 

When to Use

Borrowers who need immediate payment relief but don’t qualify for standard refinance options due to income, DTI, or prior timing.