Opening up refinancing opportunities to more borrowers than ever.

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If you’ve been looking to make your mortgage work better for you, now’s your time. Lower-income homeowners can now explore two refinancing programs designed specifically to meet their needs. Because everyone deserves the opportunity to benefit from a better rate, more manageable payment, and more savings.

Freddie Mac’s Refi PossibleSM is an option for borrowers who make at or below 80% of the area median income looking to refinance their mortgage. Eligible borrowers with a Freddie Mac-owned single-family mortgage can get a reduced interest rate and lower monthly mortgage payment, with the minimum rate reduced by at least half of a percentage point and at least $50 savings on monthly mortgage payments.

Fannie Mae’s RefiNowTM is a refinancing program for qualifying homeowners to lower their monthly housing costs with the help of today’s historically low interest rates. Available to borrowers at or below 80% of the area median income with debt-to-income (DTI) ratios up to 65%, RefiNow helps to address some of the barriers to refinancing and can provide a path to creditworthy borrowers who may not have previously qualified.

Refi PossibleSM highlights

  • Available to borrowers with an eligible Freddie Mac mortgage and loan-to-value ratio up to 97%, a debt payment-to-income ratio up to 65%, a minimum FICO® Score of 620 or higher, and income at or below 80% of the area median income.
  • Borrowers can roll up to $5,000 in closing costs into their mortgage, providing a solution for those with limited cash to close.
  • Homeowners can benefit from a reduced interest rate as well as a lower monthly mortgage payment.
  • Homeowners can also receive a $500 credit for an appraisal if one is required.

RefiNowTM highlights

  • Available to borrowers with an eligible Fannie Mae mortgage with a loan-to-value ratio up to 95%, a debt payment-to-income ratio up to 65%, a minimum FICO® Score of 620 or higher, and income at or below 80% of the area median income.
  • Borrowers can roll up to $5,000 in closing costs into their mortgage, providing a solution for those with limited cash to close.
  • Homeowners can benefit from a reduced interest rate as well as a lower monthly mortgage payment.
  • Homeowners can also receive a $500 credit for an appraisal if one is required.

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Frequently asked questions

What is the difference between Embrace, my local bank, and a broker?

In short: no middle man. As a direct lender for Fannie Mae, Freddie Mac, and an approved issuer for Ginnie Mae, we underwrite our loans. We are not a broker or a lead reseller and we never take your call and then pass your application off to someone else. Your Embrace Home Loans Mortgage Specialist works directly with you through the entire loan process — from beginning to end. This kind of personalized service means we can truly get to know you, and provide impeccable service that perfectly fits your needs. It also means we can offer better interest rates and terms — all while keeping you completely informed with real-time, up-to-the-minute information regarding your loan. There’s simply no better way to go through the mortgage process.
For more than 36 years we’ve been helping tens of thousands of people just like you purchase new homes, refinance existing mortgages, and consolidate high-interest debt. CONTACT US now to find out how we can help you make your dreams a reality.
Everyone's financial situation is different, so it’s important to figure out what you can comfortably afford to borrow, which depends on four factors:
  • Your debt-to-income ratio (your total monthly payments as a percentage of your gross monthly income)
  • Cash you have available for a down payment and closing costs
  • Your credit history
  • The value of the home you’re buying
How much home can YOU afford? Use our handy mortgage calculator and find out!

Yes you can!  Please use the following link to make payments. If you do not have an account you must create one the first time.

You can view the status of your loan at any time by logging into our Client Portal. We recommend saving this link in your web browser for future use, but you can always find the link here or in past emails from your Embrace loan officer.
"I enjoyed my experience with Embrace home loans. They were both professional and personable with me. They couldn't have been nicer or kinder!" - Patricia, VA
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