Du Refi Plus

The refi plus program allows home owners to refinance even if they currently owe more than the home is worth. There are quite a few stipulations to this program so if you are upside down you are encouraged to fill out our quick form and get connected with a lender that is participating in this program. The lender will be able to quickly check if your home is eligible for this program.

DU refinance plus was created to help home owners that have lost value in their home over the last few years and find themselves unable to refinance because the loan to value is too high. Here are a few of the qualifying factors that will determine if you are eligible for the program.

• Loan must currently be owned by Fannie Mae or Freddie Mac
  • Our lenders will help you find out if you don't know
  • Many loans are owned by either Fannie Mae or Freddie Mac
• Current loan cannot have mortgage insurance (may change shortly)
• No cash out is allowed under DU refi plus guidelines
• Many banks will allow you to keep your second mortgage in place
• The guidelines of this program are changing rapidly to help more home owner

The guidelines for the DU refinance plus program are continually changing. The guidelines above may have already changed and we will do our best to keep this page updated with the newest guidelines. If you are currently upside down on your home you may still be able to take advantage of these new government programs. The limit will be 125% loan to value as of September 1st, 2009 up from 105% loan to value when the program was initially launched. This is why it is very important to be connected with a lender that is participating in the refi plus program.

This program is aimed at helping to relieve home owners that have made their mortgage payments on time but are unable to take advantage of low interest rates due to a drop in home values. DU refi plus is a step in the right direction for helping upside down home owners lower their monthly mortgage payments. Find out if you qualify today!