HOMESTAR RefiNow™ Program
HOMESTAR provides affordable options for refinancing through our RefiNow™ program. You can save up to $3,000 per year on your mortgage!
How to Know if You Qualify for the HOMESTAR RefiNow™ Program:
- Your current mortgage is owned by Fannie Mae.
- Your home is your primary residence and a one-unit, single-family dwelling.
- Your current income is at or below 80% of the area median income.
- You have no missed mortgage payment within the last six months.
- You have only one missed mortgage payment within the last 12 months.
- You have a credit score of at least 620 or higher.
- Your current home loan amount can be up to 97% of your current home’s value.
- Your debt vs. income can be as high as 65%.
Advantages of the HOMESTAR RefiNow™ Program:
- You will receive a $500 credit towards appraisal if applicable.
- Gives those who qualify a mortgage refinance option that is easier and less expensive.
- Reduces monthly housing costs by $50 and more.
- Allows creditworthy borrowers a mortgage refinance option they can qualify for.
Ready to refinance your home?
We’re here to help answer your questions, explore your options, and show you all the ways a home refinance can work for your specific needs.