DU Refinance Plus The new DU Refinance Plus guidelines are being released soon. Enhancements will include unlimited loan-to-value ratios which means anyone with a Fannie Mae Owned mortgage can take advantage of the program. What is DU Refinance Plus? The DU Refinance Plus program is a government-sponsored program under the Home Affordable Refinance initiative, that allows home owners with Fannie Mae owned mortgage that originated prior to May, 2009, to refinance into lower rates, - New DU Refinance Plus loan will not have mortgage insurance. Your current Fannie Mae loan must also not have mortgage insurance. - Owner occupied, second homes, and investment properties qualify. - If a reliable AVM or Automated Valuation Method (computer appraisal) is available on your home, no appraisal wi...
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