No Equity? Need to Refinance?

Try our Homeowner Affordable and Stability Mortgage plan.

It is a financial plan sponsored by the government to help millions of Americans to refinance or restructure their Fannie Mae mortgage in order to avoid foreclosure and losing their homes.  It is primarily to help the following people:

• Homeowners who are current in their mortgage payments but can’t refinance because of lower house value.
• ARM Mortgages, Pay Option, Pick a Pay, Interest only or just high rate first mortgages.
• Workers who have been laid off or reduced hours and are having a hard time making mortgage payments.

• Current on your mortgage payments. Mortgage is more than 80% of the house value but less than 105% of the house value.
• Conforming loan with Fannie Mae.
• Can’t refinance to take advantage of lower rates.
• Sufficient income to make new lower mortgage payments.
• if there is a Second mortgage, they must be willing to subordinate
• NEW! - Appraisal waiver is acceptable ( that means no appraisal might be needed) call 404.814.4634  and press #706 or more information.
• Complete application,Print and Fax : Freddie Mac Relief PDF Application 
• New!!! As of March 17th - We will provide financing for  homeowners who thier home mortgage is currently held by by Fannie Mae- No LTV rstrictions.

 (1) Second mortgage must be willing to subordinate.

This plan will allow you to refinance your mortgage into a 15 year or 30 year fixed mortgage at a lower interest rate to make the monthly payments more affordable.  The purpose of refinancing the mortgage is to lower the monthly payments.  This can also applies if you have second mortgage on the house.However the second mortgage holder must agree to subordinate.

My mortgage payment keeps rising and I can’t afford it anymore!

The stability aspect to this plan will help homeowners who are facing rising mortgage payments due to resetting rates to keep their homes.  If you are homeowner who is current on their mortgage but about to default on the payments then the following might apply:

• Reduced monthly mortgage payments.
• The monthly payments will be lowered so they are no more than 31% of income.
• This reduction will apply for 5 years after which the rates will gradually return to the original level.
• Up to $1,000 per year for 5 years in loan reduction paid for by the government if the mortgage stays current.
• No cash out / Rate and Term only.
• Second Mortgage Companies must be willing to subordinate

When does the refinance plan start?

How do I know If have a FNMA Loan?

Find out if your home qualifies - click here. If it does, please print the page and send it to us  with all your documents. 

What kind of credit score do we need to refinance for this program?

Lower credit scores  are acceptable, however higher score will provide you with the best interest rates.

I do not have Mortgage Insurance (MI) now,  will you require MI  with the new loan?

No , if you don't have have it now then you will not have it with the new mortgage, however if you are paying MI , You Mi payment will not go higher.

How do I apply?

You can go to our secure application page  or apply on at our short form   or complete,print and fax application ( PDF form) .

Call us today at 404.814.4634 press #706 and speak to a loan representative.

What paperwork do I need to refinance a no equity refinance?

• Income documentation - recent pay stubs or other proof of income.
• One Years tax returns and W-2's .
• If there is a second mortgage , Mortgage statements
• Please print the page from FNMA showing that your home address qualifies

Don't delay - Avoid the Rush , Apply today.