Home Buying in 48304>Question Details

Oscar, Home Buyer in 48304

anyone heard of a government refinance program with sunwest mortgage - that is 97%ltv and no pmi if paying no pmi now ? any info on it.?

Asked by Oscar, 48304 Thu Jun 10, 2010

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Hey Oscar,

That's exactly right, the program is called DU refi plus. There are several things you'll need to check to make sure your're qualified. The most important is was the loan a Fannie/Freddie product.

Best of Luck! -Pat
0 votes Thank Flag Link Mon Jun 14, 2010
That is the DU refi plus program, a government sponsored refinance option that has flexible ltv guidelines and can even go well above 97% as high as 125% without PMI if you had none prior to refinancing. Costs vary according to the ltv. Great loan if you are worried about appraising high enough. It does the job it is designed for and helps homeowners get out from under lousy interest rates into better loans.
0 votes Thank Flag Link Mon Jun 14, 2010
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