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Revised 4/11//2016 Version 4.7 Overlays to Fannie Mae guidelines are underlinedCorrespondent Lending Fannie Mae DU Ref Plus Fixed Rate Product Profile Excludes: Standard, Imbalance, Hostile Renovation

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How to fill out du refi plus fixed

01

To fill out the DU Refi Plus Fixed application, follow these steps:

02

Gather all necessary documents such as income statements, bank statements, and employment verification.

03

Complete the borrower information section, providing accurate personal details.

04

Fill out the loan amount and purpose of the loan.

05

Provide details about the property being refinanced, including address and current value.

06

Answer questions about the current mortgage, such as the interest rate and remaining balance.

07

Enter the requested details about your income, including salary, bonuses, and any other sources of income.

08

Provide information about your assets and liabilities, including bank account balances and outstanding debts.

09

Review the application for accuracy and completeness before submitting it.

10

Follow any additional instructions provided by the lender or loan servicer.

Who needs du refi plus fixed?

01

DU Refi Plus Fixed is suitable for individuals or households who:

02

- Currently have a Fannie Mae mortgage

03

- Wish to refinance their existing mortgage

04

- Seek a fixed interest rate for the refinanced mortgage

05

- Meet the eligibility requirements set by Fannie Mae and the lender

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What is du refi plus fixed?

DU Refi Plus Fixed is a refinancing option offered by Fannie Mae that allows homeowners to refinance their existing mortgage with more flexible underwriting guidelines.

Who is required to file du refi plus fixed?

Homeowners who currently have a Fannie Mae-backed mortgage are eligible to file for DU Refi Plus Fixed.

How to fill out du refi plus fixed?

To apply for DU Refi Plus Fixed, homeowners should contact their mortgage lender and provide the necessary financial documentation for underwriting.

What is the purpose of du refi plus fixed?

The purpose of DU Refi Plus Fixed is to help homeowners with Fannie Mae-backed mortgages refinance at lower interest rates and potentially lower monthly payments.

What information must be reported on du refi plus fixed?

Homeowners must report their income, assets, debts, and property value when applying for DU Refi Plus Fixed.

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