Here are the eligibility requirements:
- To qualify for refinancing under the Making Home Affordable Program, the borrower must have their loan secured by Fannie Mae or Freddie Mac. To find out if your loan is secured through either of these entities, contact your lender.
- The home must have no more than four single-family units, as some multifamily properties are able to qualify.
- All mortgage payments must be current. The borrower cannot have any late payments more than 30 days past due.
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