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DU Refi Plus Mortgage Rates

Fannie Mae's DU Refi Plus™ is a program to allow mortgage lenders the flexibility to provide borrowers with a significantly less-stringent streamlined refinance process. Coupled with our low current mortgage rates, DU Refi Plus™ will reduce the monthly mortgage payment of our borrowers, saving them tens of thousands of dollars over the life of a typical fixed-rate mortgage loan.

Total Mortgage offers some of the lowest DU Refi Plus mortgage rates in the country and is committed to providing an exceptional quality of service. Our mortgage professionals at Total Mortgage also possess superior knowledge of the mortgage industry and will help you choose the best DU Refi Plus program for you.

DU Refi Mortgage Rates as of Feb 4, 2012 *

Mortgage Products Rate APR Lock  
30-Year Fixed Conventional 3.625% 3.657% 30 Apply
20-Year Fixed Conventional 3.625% 3.780% 30 Apply
15-Year Fixed Conventional 3.125% 3.322% 30 Apply
30-Year FHA 3.625% 4.975% 30 Apply
30-Year Fixed Jumbo Mortgage 4.375% 4.474% 30 Apply
15-Year Fixed Jumbo Mortgage 3.500% 3.670% 30 Apply
10-Year Fixed Jumbo Mortgage 3.375% 3.621% 30 Apply
5/1-Year ARM Mortgage 2.375% 2.437% 30 Apply
5/1-Year Jumbo ARM Mortgage 2.750% 2.711% 30 Apply
7/1-Year Jumbo ARM Mortgage 3.125% 2.871% 30 Apply
10/1-Year Jumbo ARM Mortgage 3.875% 3.360% 30 Apply

With Fannie Mae's DU Refi Plus program, homeowners can refinance into today's low mortgage interest rates even if they owe more on their first mortgage than their home is worth. DU Refi Plus guidelines loan to values up to 125 percent.

DU Refi Plus also has more lenient qualification rules and less paperwork than ever before. Just one current pay stub is needed, compared to two stubs previously required. Appraisals can be waived in some cases.

To qualify for a low DU Refi Plus mortgage rate you must have a mortgage owned or guaranteed by Fannie Mae, not have any late payments in the last 12 months, and a credit score of at least 620. DU Refi Plus will accept credit scores under 620 if the loan to value is under 80 percent.

Ineligible new mortgages are Adjustable Rate Mortgages with a fixed term under five years, an interest-only mortgage, or a balloon mortgage.

Lock in today's low rate by calling 877-868-2503, filling out our short form or chat live with a home loan expert.

For today's rates on all other mortgage products, please call 877-868-2503 to speak to one of our mortgage experts. For a custom DU Refi mortgage rate quote, apply now by filing out our form.

Things To Remember

  1. Du Refi Plus refiance rates may vary among mortgage lenders. The most accurate way to determine your APR is to have a loan officer provide a free rate quote
  2. Du Refl Plus program may provide no closing cost loans, ask your loan officer to include your closing costs in the loan so you don't have to come up with the money at closing.
  3. Du Refi Plus Mortgage rates may change daily due to market conditions. Contact a mortgage professional and let them help you lock into a low Du Refi Plus Rate.

Call one of our DU Refi Plus mortgage experts at 877-868-2503 to find if you qualify for a low DU Refi Plus mortgage rate or fill out the form on the right and a mortgage professional will contact you.

You may also visit our current mortgage rates page to view mortgage rates for 15- and 30-year fixed-rate jumbo mortgage products, as well as our 5/1 adjustable-rate mortgage (ARM) jumbo mortgage product. For the most up-to-date rates for our FHA 30-year fixed-rate mortgage product, visit our FHA mortgage rates page. For the most up-to-date rates on all of our other products and programs, call 877-868-2503 and speak to a mortgage professional now.

We are an Equal Housing Lender.

* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, $400 appraisal fee, $799 underwriting fee, a $495 application fee,, a $16 flood certification fee and a $20 credit report fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, one point, $400 appraisal fee, a $495 application fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, one point, a $450 appraisal fee, $495 application fee, $799 underwriting fee, a $16 flood certification fee and a $20 credit report fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants with 740 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice.

All rates shown are for 30 day rate locks with 1 point unless otherwise noted.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

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