Plaza Home Mortgage® is ready to roll on the Freddie Mac Refi PossibleSM program. Refi Possible expands eligibility to include borrowers at or below 80% of the Area Median Income (AMI) limit.
Benefits of Refi Possible include:
- Credit up to $500 at closing for appraisal cost (if applicable)
- Expanded eligibility and reduced documentation
- Potential to finance portions of the closing costs
To help you identify if your clients may qualify, Freddie Mac has a new Property Eligibility Tool to verify if a borrower may qualify based on the property location and the borrower’s qualifying income.
To learn more about Refi Possible, contact your Plaza Account Executive or email us at hereforyou@plazahomemortgage.com.
