What is DU Refi Plus?
DU Refi Plus is a streamlined loan program for Fannie Mae borrowers that can make refinancing easier, and faster.
- Up to 105% LTV
- 620 minimum FICO score required for primary residences
- 680 minimum FICO score required for secondary residences
- For loan amounts of $625,500 or greater and LTVs of 80% or more, a field review is required in addition to an appraisal
- DU Refi Plus transactions must provide a benefit to the borrower with either:
- Reduced monthly mortgage principal and interest payment
- More stable loan product such as a move to a Fixed Rate Mortgage from an ARM
- Reduction in interest rate or a reduction in the loan amortization term
