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Key Highlights
The Benefits
Lower Monthly Payments
Reduce your monthly mortgage costs.
Affordable Refinancing
Designed to improve mortgage affordability.
Conventional Financing
Refinance through a Freddie Mac program.
What's Required
Program Eligibility
Borrowers must meet Refi Possible® guidelines.
Existing Mortgage
Your current loan must qualify.
Mortgage Qualification
Income, credit, and property requirements apply.
The Ins & Outs
How it Works
Freddie Mac's Refi Possible® program is designed to help eligible homeowners refinance into a more affordable mortgage. By replacing your existing loan with a new one, qualified borrowers may be able to lower their monthly payment, reduce their interest rate, or improve their loan terms.
Refi Possible® is intended to make refinancing more accessible for eligible homeowners while providing the benefits of a conventional mortgage.
Example Scenario
A homeowner has consistently made their mortgage payments but wants to reduce their monthly housing costs. A Refi Possible® mortgage may provide an opportunity to refinance into a more affordable payment.
What is Refi Possible®?
Refi Possible® is a refinance program from Freddie Mac designed to help eligible homeowners refinance into a more affordable mortgage.
Who qualifies for Refi Possible®?
Eligibility depends on Freddie Mac program guidelines and lender requirements, including factors such as income, your existing mortgage, and overall financial profile.
Can Refi Possible® lower my monthly payment?
For eligible borrowers, Refi Possible® may help reduce monthly mortgage payments by refinancing into a new loan with more favorable terms.
Can I take cash out with Refi Possible®?
No. Refi Possible® is designed to improve mortgage affordability rather than provide cash-out refinancing.
How is Refi Possible® different from a standard refinance?
Refi Possible® is a specialized refinance program with eligibility requirements intended to help qualifying homeowners access more affordable mortgage payments.
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