DU Refi Plus if you already have PMI

If you currently have a Fannie Mae loan (click here to see if you do) and your loan currently has private mortgage insurance (PMI) then there is help within the DU Refi Plus program for you as well. 

Under previous guidelines, if the value of your home has fallen and you are now at a higher loan-to-value (LTV) then when you completed your last loan your PMI rate may have increased and you would have paid a higher monthly PMI payment.  The DU Refi Plus program solves this problem by allowing you to refinance into today’s lower interest rates WITHOUT increasing the amount of monthly PMI you are paying. 

The PMI will still remain, but the amount of monthly PMI payments you are paying will not increase regardless of your new LTV.  However, the new first mortgage cannot exceed 105% of the current value of the home.

Click here to visit Fannie Mae's property lookup website to see if your property is eligible for refinance under the DU Refi Plus program.

Click Get Rates to get an online rate and payment quote under the DU Refi Plus program. 

Speak With A Loan Coordinator 

Would you prefer to speak with a Loan Coordinator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.