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RefiNow™ - A new option to refinance your home

Lower your monthly home loan payments by $50 or more per month if you qualify!

All loans subject to credit approval and eligibility requirements. RefiNow™ is a home financing program offered through FNMA.

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About RefiNow™

RefiNow™ is a new option that enables more borrowers to take advantage of today’s low interest rates. Decrease your rate and reduce your monthly payment. Get started today! Contact a Lender to learn more and see if you qualify.

Contact a Lender      See program details
MidWestOne A couple that benefitted from our refinance home loan lending Dubuque, IA

RefiNow™ Program Details

It’s important to consider your unique situation and your long-term plans before you embark on the refinancing process. In order to qualify for this program you will need to meet the following criteria:

  • Income at or below 80% of the median income in your area. Your MidWestOne Home Loan Expert can help you determine your eligibility.
  • At least 3% existing equity in your home. Borrowers may qualify to refinance their home even if the value of their home hasn’t increased or they’ve only owned their home for a short time.
  • A total Debt-to-Income ratio of 65% or less. Most conventional loans have a Debt-to-Income limit of 50% or less.
  • A FICO Score of 620 or higher. Now more borrowers, even those with not-so-perfect credit, may be able to refinance their home and lock in near historically low interest rates.
  • A good payment history on their home loan. Borrowers must have owned their home for at least one year, with no late payments in the last 6 months, and no more than 1 late payment in the last 12 months.
Contact a Lender      See Loan Options
Happy family enjoying their home purchased with a mortgage from MidWestOne Bank.

Loan Options

The purpose of the RefiNow™ loan program is to help more borrowers refinance their homes at near historically low interest rates and reduce their monthly payments by $50 or more per month.  Borrowers will not be able to cash out equity but may be able to lower their interest rate and change their repayment term.

 

Mortgage Payment Calculator

See how much you could lower your monthly payments.

Down Payment Assistance

Learn More

Understanding Credit Factors

Identify factors that most affect your credit.
 

Closing Cost Credit

Get Started

Cash-Out Refinance Loan

Learn more about cash-out refinance loans.
 

Financial Education

Learn More

Loans are subject to credit approval.

Contact a Lender   See Rates

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