1st Security Bank Announces Its Participation in Fannie Mae's RefiNow Program
1st Security Bank announces that it is participating in Fannie Mae's low-to-moderate income refinance program called RefiNow through its Home Lending division.
RefiNow makes it easier for eligible homeowners earning at or below 80% area median income (AMI) to refinance at a lower interest rate and reduce their monthly mortgage payment.
"We are excited to be able to offer this program to help those who weren't previously able to qualify for a lower rate and payment," said Donn Costa, Executive Vice President of Home Lending at 1st Security.
RefiNow will be available to those who have loans at Fannie Mae that are serviced through 1st Security Bank, as well as to all homeowners who have an existing Fannie Mae loan, and whose property is located in Washington, Oregon, Idaho, Montana, Arizona or California.