Simplify Your Mortgage Refinance with FHLMC Refi Possible™

Refinancing a mortgage can be a complicated and time-consuming process, but it doesn’t have to be. The FHLMC Refi Possible™ Program offers a faster, simpler, and more accessible way to refinance your mortgage. If you're looking to lower your monthly payments and secure a better financial future, this program could be the perfect fit for you.

Why Consider FHLMC Refi Possible™?

Addressing Common Refinancing Challenges: Refinancing often comes with hurdles like high credit score requirements, lengthy processing times, and strict income verification. The FHLMC Refi Possible℠ Program is designed to overcome these obstacles, making refinancing more straightforward and attainable.

Key Benefits of the FHLMC Refi Possible™ Program:

1. Quicker Turnaround Times:

• Streamlined Process: Enjoy a much faster refinancing process, allowing you to start saving on your monthly payments and interest rates sooner. No more waiting around for months to see the benefits.

2. Lower Credit Score Requirements:

• Easier Qualification: With a minimum credit score requirement of just 620, this program is accessible to more homeowners. If you've had trouble qualifying for other refinancing options due to credit score, FHLMC Refi Possible℠ could be the answer.

3. Lower Income Requirements:

• Broad Eligibility: Designed for borrowers with incomes at or below 80% of the area median income (AMI), this program uses the Home Possible income eligibility tool. This inclusivity means more homeowners can qualify and benefit from refinancing.

4. Flexible Debt-to-Income Ratios:

• High DTI Ratios Accepted: By allowing debt-to-income ratios up to 65%, the program offers flexibility for those managing various financial commitments. This makes it easier to qualify even if you have a higher debt load.

5. Variety of Property Types:

• Wide Range of Properties: Whether you own a single-family home, modular home, or condo/PUD, this program covers a broad range of primary residences, ensuring many homeowners can take advantage.

How to Qualify for the FHLMC Refi Possible™ Program:

Current Loan Requirements: Your existing loan must be a conventional mortgage owned or securitized by Freddie Mac and must have been seasoned for at least 12 months.

Credit Score: A minimum credit score of 620 is needed for all borrowers, opening the door for more homeowners to qualify.

Income Verification: Your income should be at or below 80% of the area median income (AMI), verified through the Refi Possible Income and Property Eligibility tool.

Payment History: You should have no 30-day mortgage delinquencies in the last six months and no more than one 30-day delinquency in the past 12 months.

Is FHLMC Refi Possible™ Right for You?

The FHLMC Refi Possible™ Program is crafted to address the common issues that make refinancing difficult. With a faster process, lower credit score requirements, and more inclusive income limits, it offers a viable option for homeowners who may not qualify through traditional refinancing methods. This program can help you lower your monthly payments and secure a more stable financial future.

Ready to Take the Next Step?

For more information and to see if you qualify, reach out to us today at 602-628-1231 and email us at info@allapprovedhere.com

Simplify Your Refinance with FHLMC Refi Possible™!