Freddie Mac Refi PossibleSM offers expanded eligibility to benefit borrowers at or below 100% of the area median income (AMI) limit. This refinancing option, targeted toward low-moderate income borrowers, may be especially beneficial for borrowers who may not believe they qualify for refinancing due to their incomes.
- 1 Unit primary residence with current mortgage currently owned by Freddie Mac.
- Offers reduced documentation requirements.
- Expanded eligibility up to 65% Debt-to-Income ratio.