HARP (HOME AFFORDABLE 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.
CRITERIA
You may be eligible for HARP if you meet all of the following criteria:
- The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
- 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 financed 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 a good payment history in the past 12 months
You may be eligible for HARP if you meet all of the following criteria:
- The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
- 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 financed 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 a good payment history in the past 12 months
TAKE ACTION
Foreclosure is not your only option; you can see that there are several options to consider before you go into foreclosure. HARP might be the right program for you.
Additional information and assistance about HARP can be found in the following sites:
www.makinghomeaffordable.gov
www.knowyouroptions.com
www.hud.gov
Foreclosure is not your only option; you can see that there are several options to consider before you go into foreclosure. HARP might be the right program for you.
Additional information and assistance about HARP can be found in the following sites:
www.makinghomeaffordable.gov
www.knowyouroptions.com
www.hud.gov
To find out if your loan is owned by Fannie Mae click here
To find out if your loan is owned by Freddie Mac click here
n PDF format click here
To find out if your loan is owned by Freddie Mac click here
n PDF format click here
.
TOOLS
Start preventing foreclosure today. Making Home Affordable will end on December 2013.
Click here to download the official Making Home Affordable handbook and to download the forms require for the Home Refinance Program (HARP), the Home Loan Modification Program (HAMP) and Short Sale (HAFA).
Start preventing foreclosure today. Making Home Affordable will end on December 2013.
Click here to download the official Making Home Affordable handbook and to download the forms require for the Home Refinance Program (HARP), the Home Loan Modification Program (HAMP) and Short Sale (HAFA).
DISCLAIMER
The purpose of this site is to provide you with information and resources that might help you understand your options to prevent or avoid foreclosure.
I hope you find this information helpful and useful. By becoming more knowledgeable of your options I am sure you will resolve your situation more advantageously.
If you have questions about HARP or the foreclosure process contact me here or click the contact me tab. With my twenty eight years of real estate experience, I can assist you, in this sometimes complicated, situation.
The purpose of this site is to provide you with information and resources that might help you understand your options to prevent or avoid foreclosure.
I hope you find this information helpful and useful. By becoming more knowledgeable of your options I am sure you will resolve your situation more advantageously.
If you have questions about HARP or the foreclosure process contact me here or click the contact me tab. With my twenty eight years of real estate experience, I can assist you, in this sometimes complicated, situation.
YOU ARE NOT ALONE…
If HARP is the program that best suits your situation and you need assistance or additional information to proceed in order to prevent foreclosure contact me. It is my goal to become an asset and a resource to you and to build a client for life, whether we work together now or in the future, your questions will be answer at no obligation to you.
If HARP is the program that best suits your situation and you need assistance or additional information to proceed in order to prevent foreclosure contact me. It is my goal to become an asset and a resource to you and to build a client for life, whether we work together now or in the future, your questions will be answer at no obligation to you.
This site is courtesy of Henry Diez “Your preferred Realtor of choice”
For all your real estate needs visit www.qualityservicerealty.com
Assisting buyers and sellers since 1995