Verify Freddie Mac Enhanced Relief Refinance℠ eligibility

The Enhanced Relief Refinance program is designed for borrowers with Fannie Mae or Freddie Mac-backed mortgages. To qualify, borrowers typically need to have a good payment history, no late payments in the last six months, and meet certain eligibility criteria. Check your eligibility online.

• Borrowers who want to refinance into a more sustainable mortgage that promotes long-term homeownership success
• Borrowers looking to reduce the monthly principal and interest payment of their First Lien Mortgage
• Borrowers who are interested in potentially reducing principal and interest payment

• Reduced monthly principal and interest payment
• Lower interest rate
• Shorter amortization term
• Move from an adjustable-rate mortgage to a fixed-rate mortgage

If you are current on your mortgage; have a mortgage that is owned by Fannie Mae or Freddie Mac, and owe as much or more than your home is currently worth, you may be eligible for new refinancing programs. Borrowers must benefit from the refinance in at least one of the following ways:

• Lowering your monthly payment
• Reducing your interest rate
• Securing a fixed-rate mortgage that won\'t change over time
• Building equity faster shorter-term options may be available
• Lower closing costs because an appraisal is not usually required

Use online tool to Verify your FMERR eligibility or find and contact FMERR program lenders in your state.

Even if you applied for HARP refinancing before and were declined, look into it again. With expanded requirements, more people are now eligible for Enhanced Relief Refinance Program.

If you qualify to refinance your mortgage through Freddie Mac Enhanced Relief Refinance Program, you’ll go through an application, approval and closing process (similar to when you got your original mortgage). A lender will work with you through every step, and will help determine if programs meet your specific needs. Outlined below are the steps to get started.

Step 1.

Verify your eligibility.

Verify if you are eligible for Enhanced Relief Refinance program using Verification tool online.

Step 2.

Gather your financial information.

Make sure you have your basic financial and loan information on hand when you call your mortgage company. You’ll need:

• Mortgage statements, including information on a second mortgage (if applicable).
• Your income details (paystub or income tax return).

Step 3.

Contact approved lender.

Find a list of lenders who work with Enhanced Relief Refinance Program at by using approved lenders search. Tell them you are interested in refinancing, and you want to see if you qualify for.

Step 4.

Go through the application, approval and closing process.

If your lender determines that you do qualify, they will guide you through the application, approval and closing process.