HARP 2.0 Refinance Program
If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through MHA's Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.
CLICK HERE TO SEE IF YOU QUALIFY!
General Requirements
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The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
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The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
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The mortgage cannot have been refinanced under HARP previously
unless it is a Fannie Mae loan that was refinanced under HARP
from March-May, 2009.
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The borrower must be current on the mortgage at the time of the
refinance, with a good payment history in the past 12 months.
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The current loan-to-value (LTV) ratio must be greater than 80%.
*Some information provided by www.makinghomeaffordable.gov.
