Fannie Mae Moves Up Start Date for 125% LTV Refinances for Homeowners with Upside Down Mortgages

Homeowners who are upside down on their mortgages can refinance up to 125% LTV through Fannie Mae one month earlier than previously announced.


Starting August 1, 2009, Fannie Mae will accept mortgages with loan-to-value (LTV) ratios between 105.01% and 125% that are refinanced through the Obama Administration's Home Affordable Refinance Program (HARP). For example, if your home's value is $100,000 but you owe $125,000, you are eligible to refinance under this program provided your mortgage is serviced by Fannie Mae or Freddie Mac.

Loans modified through the program are required to lower homeowner's monthly payment or move them from an adjustable-rate mortgage to a 30-year fixed-rate loan.  For more information, visit or

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