— REFINANCE
RefiNow Affordable
Mortgage Refinance
Fannie Mae’s RefiNow® program designed to help eligible homeowners reduce their interest rate and monthly mortgage payment in Hawaii and other markets where Pacific Home Loans is licensed.
— ABOUT RefiNow
RefiNow Affordable Mortgage
Refinance in Hawaii
RefiNow® is a refinance program offered through Fannie Mae to help eligible homeowners with incomes at or below 100% of the Area Median Income (AMI) reduce their interest rate and monthly mortgage payment.
Pacific Home Loans provides RefiNow refinance solutions throughout Oahu, Maui, Hawaii (Big Island), and Kauai for qualified borrowers seeking an affordable refinance option.
→ Hawaii Mortgage Refinance Option
Multi-State Availability
Pacific Home Loans provides RefiNow® refinance solutions in multiple states, including Hawaii, California, Nevada, and other markets where we are licensed. While this page focuses on Hawaii-specific guidance, RefiNow® may be available in other states based on borrower eligibility, loan ownership, and program guidelines.
— REFINOW PROGRAM
Who RefiNow
is Designed For
- Homeowners with existing Fannie Mae-backed loans
- Borrowers refinancing a primary residence
- Income at or below 100% of the Area Median Income (AMI)
- Borrowers who may not qualify under standard conventional refinance guidelines
Key RefiNow Program Features
- Higher allowable debt-to-income ratios (subject to guidelines)
- Potential appraisal credit up to $500 if appraisal is required
- Minimum 0.50% interest rate reduction required
- Up to 97% loan-to-value ratio
- Limited cash-out up to $2,000 for closing cost adjustments
All features are subject to Fannie Mae guidelines and lender overlays.
— RefiNow QUALIFICATION
RefiNow Qualification
Requirements
To qualify for RefiNow in Hawaii, borrowers must:
- Have an existing Fannie Mae-owned loan
- Occupy the property as a primary residence
- Have income at or below 100% of Area Median Income
- Be current on mortgage payments (no missed payments within the required review period)
- Meet applicable credit and underwriting standards
Homeowners can confirm whether Fannie Mae owns their loan using the official Fannie Mae Loan Lookup Tool (external link).
Hawaii Area Median Income (AMI) Considerations
Area Median Income varies by county and is updated periodically. Counties include Honolulu County, Maui County, Kauai County, and Hawaii County (Big Island). Borrowers should confirm current AMI limits at the time of application, as thresholds are subject to change.
RefiNow vs Standard Refinance
While RefiNow® is designed to assist eligible lower-to-moderate income homeowners, Pacific Home Loans also offers conventional rate-and-term refinance, FHA Streamline Refinance, VA Streamline (IRRRL) Refinance, cash-out refinance, and jumbo and portfolio refinance solutions.
→ Hawaii Mortgage Refinance Options
→ FHA Streamline Refinance
→ VA Streamline Refinance
Condo & Structured Refinance Considerations
If refinancing a condominium in Hawaii, project eligibility may still be reviewed under conventional guidelines.
