125% Financing with the DU Refi Plus Program

The DU Refi Plus Program allows homeowners to refinance and lower their monthly payment even if they currently owe more than the home is worth.  This program is intended to help homeowners that have been on time with their mortgage payments but have been unable to refinance due to low appraisals and downturns in their local property values.  The Du Refi Plus is a Fannie Mae program that is available for those whose mortgage is currently owned by Fannie Mae.  You may think to yourself… but I make my payments to XYZ lender.  I am not sure if my mortgage is owned by Fannie Mae or XYZ lender.

How do you find out if you have a Fannie Mae mortgage?

You can look that up directly on the Fannie Mae website…


          DU Refi Plus Highlights

  • 125% Financing on your first mortgage

  • If you currently have an additional second mortgage, there are no equity restrictions on this second mortgage.  It will be subordinated.

  • Available for Primary Residences, Second Homes and Investment Properties

  • Approval subject to Fannie Mae’s Automated Underwriting (known as Desktop Underwriter, DU)

  • 620 Minimum Credit score

  • First mortgages that currently have mortgage insurance are not eligible


If your home is owned by Fannie Mae and you have not been able to refinance due to equity it is important to see if you meet the further qualifications for this program.