We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Is DU Refi plus™?

Gerelyn Terzo
Updated Feb 19, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

The housing market in any region is likely to go through cycles in response to changing economic conditions. In the United States, programs for homeowners — including the Desktop Underwriter (DU) Refi Plus;trade; were created in an attempt to strengthen to the housing market following an economic recession. The DU Refi Plus™ program is meant to ease some of the burdens, including financial and regulatory burdens, that are tied to refinancing a mortgage loan. The program was started by a government-sponsored entity (GSE), which is a mortgage lender in the private sector that is subject to some government involvement.

Fannie Mae is the GSE behind the DU Refi Plus™ program. For this special financing to be issued, the mortgage held by a homeowner must have been underwritten by a lender using Fannie Mae's Desktop Underwriter;trade; system. Sometimes, mortgage loans change hands between lenders, and that does not disqualify a loan from being eligible for refinancing.

This special refinancing loan is appropriate for homeowners who are seeking a to refinance a mortgage loan to obtain better terms. The concept behind the DU Refi Plus™ initiative is to create greater cohesiveness in the financing process so that the steps are less cumbersome to borrowers. For instance, the amount of time required to complete a finance under the GSE program should be reduced in comparison with more traditional refinancing, and the regulatory framework that must be followed should be less stringent using DU Refi Plus™.

As a result of the GSE program, borrowers receive certain benefits that typically are not otherwise available. Under average conditions, borrowers typically need to prove a certain minimum credit score, which is a measure of credit worthiness, to qualify for refinancing a mortgage loan. DU Refi Plus™ is designed to overlook certain criteria tied to credit scores so that a greater number of homeowners can qualify.

Also, before any financial institution can approve a refinancing, an appraisal of the value of the home is performed. The GSE loan has the potential to waive the expense associated with that requirement. Required documentation associated with the GSE refinancing loan is not meant to be burdensome to lenders or borrowers and should be minimal. Qualifications for the DU Refi Plus™ loan are designed to be entreating, and the requirements surrounding proof of employment or previous federal tax payments favor the borrower. These refinancing loans might be suitable for individuals who own custom-made homes, condominiums and other types of residences.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Gerelyn Terzo
By Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in Mass Communication/Media Studies, she crafts compelling content for multiple publications, showcasing her deep understanding of various industries and her ability to effectively communicate complex topics to target audiences.
Discussion Comments
Gerelyn Terzo
Gerelyn Terzo
Gerelyn Terzo, a journalist with over 20 years of experience, brings her expertise to her writing. With a background in...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.