Eligibility has been expanded to borrowers that owe up to 25% more than their homes are worth. This means that even if your mortgage is 125% of the house’s value, you will still qualify for mortgage refinance aid.

Your loan must be backed by Fannie Mae or Freddie Mac.

You have a two in three chance of falling into this category around 60% of all United States home loans are backed by Fannie or Freddie.