GMFS offers Fannie Mae RefiNow
Fannie Mae RefiNow
GMFS is pleased to offer Fannie Mae’s new refinance now program released in DU version 11.0 this weekend. RefiNow will enable more borrowers to refinance to a lower interest rate and reduce their monthly mortgage payments. In order to qualify for the RefiNow program the borrower must be at or below 80% of the AMI limit. The adverse market refinance fee of 50 bps will be waived for loans with an original principal amount less than or equal to $300,000 for those who qualify for the Refi Now.
RefiNow loans must be identified as such on the DU findings and locked in Optimal Blue as a RefiNow program.
Contact your District Director or the Lock Desk – [email protected] for more information