Home Affordable Refinance Program Expanded To 125% Loan-To-Value Ratio
The Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac will be able to use the Home Affordable Refinance Program to help homeowners with a loan-to-value ratio up to 125 percent. The previous limit was 105 percent. The 125 loan-to-value ratio will allow borrowers with Fannie Mae and Freddie Mac loans to refinance their loans under the Home Affordable Refinance Program.