HARP Hotline 866-661-0581

HARP Program Lenders

Check your eligibility for the Home Affordable Refinance Program

Home Affordable Refinance Program (HARP)

HARPEven if you owe more than your home is worth you may still qualify for a mortgage refinance at a lower interest rate or shorter term.

The Home Affordable Refinance Program is a government sponsored initiative updated in October of 2011 by President Obama in response to the needs of homeowners suffering during the mortgage crisis.

Homeowner HARP Hotline:

We have Home Affordable Refinance Program eligibility agents standing by to assist you.

866-661-0581

HARP is a part of the Making Home Affordable Program that was created to provide payment relief to underwater borrowers.

HARP Loan Program

Call us at 866-661-0581 or check your HARP Eligibility below.

  • Click Here to learn more about HARP Eligibility Guidelines

    HARP Eligibility

    Who Is Eligible For The HARP Refinance Program?

    Updated in late 2011 by the Obama Administration, with participation from the Federal Housing Finance Agency (FHFA), Freddie Mac and Fannie Mae, HARP is anticipated to help between 4-7 million homeowners.

    The Home Affordable Refinance Program (HARP) is a streamline refinance program created to help responsible homeowners who have continued to make their mortgage payments on time, regardless of their equity position, save money on their monthly payments by lowering their interest rates

    Additionally, the HARP program is designed to help borrowers refinance out of a risky Adjustable Rate Mortgage (ARM) or Balloon payment into a more a stable and secure fixed rate mortgage and start establih some positive equity back into their homes.

    There are only a few specific requirements that a borrower has to meet in order to be considered eligible to take advantage of the HARP program.

    Basic HARP Eligibility Requirements:

    1. Loan amount is more than 80% of home's value
    2. Never refinanced under the HARP program
    3. Current and up to date on all mortgage payments
    4. No late mortgage payments in the last 12 months
    5. Current loan is owned by Fannie Mae or Freddie Mac
    6. Current loan was obtained or purchased by Fannie Mae/Freddie Mac before May 31, 2009

    In some cases monthly payments might be slightly higher on a shorter term mortgage, but it allows the homeowner a chance to start building some equity back into their homes quickly. Typically, the shorter the mortgage term, the faster the balance of the loan gets paid down.

    If you are struggling to make your mortgage payments, or have lost your source of income, this is probably not the program for you. Instead, you may want to research other options for underwater homeowners, such as a loan modification, short sale or unemployment forbearance.