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Suppose a borrower purchased a home and closed on November 15, 2018. They have a $250,000 loan, but the home is worth $240,000 and they want to refinance because of low rates.<\/p>
Despite having little or no home equity, they might be eligible for the FMERR program.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t