HARP Mortgage Program
What is Harp 2.0?
Established in 2009, for Fannie Mae and Freddie Mac, HARP, the Home Affordable Refinance Program provides an option for homeowners to refinance "Under Water Mortgages". A HARP Refinance mortgage loan addresses situations where the homeowner's property value has fallen causing them to no longer to qualify under traditional underwriting criteria. Homeowners with a mortgage loan owned by Freddie Mac or Fannie Mae have the opportunity to refinance with a participating Harp 2.0 lender as long as the resulting loan is less than 125% of the current property's value.
Harp 2.0 mortgage eligibility
In order to be eligible for the HARP 2.0 mortgage refinance program :
- Your loan must be backed by Fannie Mae or Freddie Mac.
- Your current mortgage must have a securitization date prior to June 1, 2009
As a participating Harp 2.0 mortgage lender, we can determine if your loan is owned by Fannie Mae or Freddie Mac and can further evaluate your Harp 2.0 mortgage loan eligibility.
How do I apply for a Harp 2.0 mortgage refinance loan?
The simpliest way to apply for a Harp 2.0 loan is to fill out the short form below. We will verify your property address to your current mortgage to see if you are eligible. We will notify you immediately. Once your Harp eligibility is met, getting a Harp 2.0 loan is much like a traditional loan. We will guide you through the process from start to finish and handle every detail. To apply for a Harp loan now, fill out the form below.