News + Updates | Plaza Home Mortgage

Announcing Freddie Mac Refi PossibleSM program

Written by Plaza Correspondent | Aug 31, 2021 11:01:57 PM

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.