RefiNow Mortgage Refinancing
Join the more than 3 million homeowners saving money by refinancing
It’s not too late to take advantage of historic low interest rates. RefiNowTM puts a money-saving refinance option within reach for more homeowners.
With RefiNow you can take advantage of benefits like:
- A lower interest rate
- Monthly payments reduced by at least $50 per month
- Savings on up-front out-of-pocket appraisal expenses
Use the Refinance Calculator to see if refinancing is right for you.
Find out if you’re eligible for RefiNow
Homeowners must meet eligibility requirements, including:
- A Fannie Mae-owned mortgage secured by your home* — visit our Loan Lookup Tool to find out if Fannie Mae owns your loan
- Income below the applicable limit**
- No missed payments in the past six months, and no more than one missed payment in the past 12 months
- A credit score of 620 or higher
* Must be a 1-unit, principal residence
** To qualify, your current income must be at or below 80% of the median income for your area
For more details and to see if you qualify for RefiNow, talk to a lender. Your lender may have other affordable financing options for you to consider as well. Always compare and shop around for the mortgage that works best for your financial situation.