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If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage. The HARP loan is a new loan and will require a loan application and underwriting process. Loan refinance fees will apply.

Do I Qualify?

To apply for HARP, applicants must first meet 3 basic criteria:

  1. The exist­ing mort­gage must be guar­an­teed by Fan­nie Mae or by Fred­die Mac
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  2. The exist­ing mort­gage must have been acquired by Fan­nie Mae or Fred­die Mac prior to June 1, 2009 (your current mortgage loan must have closed before that date)
  3. The mort­gage pay­ment his­tory must be per­fect going back 6 months and no more than one 30-day late pay­ment going back 12 months

*Eligibility criteria are for guidance only. Contact us to see if you qualify for HARP.

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Additional Information

Commonly Asked Questions on HARP 2.0

There are several questions that come up when hearing about the HARP 2.0 Refinance program.  Here are answers to some of the most commonly asked questions. 1. What Is HARP? HARP was started in April 2009. It goes by several names. The government calls it HARP, as in Home Affordable Refinance Program. The program is [...]

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Administration Announces Refinance Program for Underwater Borrowers

The Federal Housing Finance Agency (FHFA) unveiled a new, revamped government mortgage refinancing program Monday. The initiative involves a series of rule changes to the Home Affordable Refinance Program (HARP) to allow more underwater homeowners to reduce their mortgage debt by taking advantage of today’s rock-bottom interest rates. Mortgages backed by Fannie Mae and Freddie Mac, and originally sold to [...]

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Government Releases Additional HARP Guidance For Underwater Homeowners

Tues­day, Fan­nie Mae and Fred­die Mac unveiled lender instruc­tions for the government’s revamped HARP pro­gram, kick-starting a poten­tial refi­nance frenzy nationwide. HARP stands for Home Afford­able Refi­nance Pro­gram. The updated pro­gram is meant to give “under­wa­ter home­own­ers” an oppor­tu­nity to refi­nance at today’s low mort­gage rates. In the two-plus years since its launch, HARP’s first [...]

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