If you’ve been struggling to pay your mortgage and your house is either underwater, or has very little equity, the HARP program may be able to help you out.But what is a HARP loan? What is the HARP program? Well, we’re not talking about the musical instrument. HARP is a government program aimed at helping people refinance their home loans into more affordable mortgages.
Your mortgage must be owned by Fannie Mae or Freddie Mac.Other types of loans do not qualify for HARP. You can look up your loan online to see if it is held by Fannie Mae or Freddie Mac by going to the loan lookup tools on the making home affordable website.; Your loan must have originated prior to June 1, 2009.
The home affordability refinance Program (HARP loan) was started by the U.S. Government in 2009 to help out homeowners who had very.
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HARP 3.0 was a possible enhancement to the HARP program that would eliminate some rules and allow more to qualify. However, HARP updates are unlikely to happen at this point, since the program is set to expire in 2018.
We can help you determine if you qualify for a HARP loan and explore refinancing options through HARP. If you prefer, you may fill out the form on the right and one of our loan officers will contact you at your convenience. If you need refinance help today, simply fill out the form on the right and a Harp Program professional will contact you right away.
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The HARP program is not the only option available, but it does offer some advantages that may be difficult to find outside of a government-backed program, including: No appraisal requirements. Most homeowners do not have to get an appraisal as part of the refinance, making the process smoother, faster and less expensive.
The Home Affordable Refinance Program, or HARP, is one of the few financial. Freddie Mac or Fannie Mae and make sure it's old enough to qualify for HARP.
Other types of loans do not qualify for HARP. You can look up your loan online to see if it is held by Fannie Mae or Freddie Mac by going to the loan lookup tools on the Making Home Affordable website.