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HARP Qualifying

The HARP 2.0 guidelines are newer, simpler, and designed to help more homeowners, if you were turned down for the HARP program in the past then apply again as you may now meet the requirements.

 

You may be eligible if:

  • The mortgage MUST be owned or guaranteed by Fannie Mae or Freddie Mac.  Use the links below to find out if Fannie or Freddie own your loan.
  • The mortgage MUST have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • 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.
  • The current loan-to-value (LTV) ratio MUST be greater than 80%
  • The borrower MUST be current on the mortgage at the time of the refinance, with no late payment in the past six months and no more than one late payment in the past 12 months.
  • You have a reasonable ability to pay the new mortgage payments.
  • The refinance improves the long term affordability or stability of your loan.

 

FANNIE or FREDDIE DON’T OWN YOUR LOAN.  STAY TUNED FOR HARP 3.0.

THERE MAY BE SOME RELIEF COMING FOR THOSE WITH LOANS OUTSIDE OF FANNIE AND FREDDIE’S UMBRELLA.