To now qualify for HARP—Your mortgage cannot have been refinanced under HARP previously, unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009. Check with your mortgage company for other options.

Fannie Mae and Freddie Mac have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Fannie Mae or Freddie Mac, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. Am I Eligible For The HARP Program? The Home Affordable Refinance Program (HARP) is a streamline refinance program created to help eligible borrowers who have continued to make their mortgage payments, but may be unable to refinance over recent years due to a decline in their home value. The HARP Program is for eligible loans that were closed prior to June 1, 2009, and HARP 2.0 guidelines are in affect until the program ends on December 31, 2015. The most important change to the Home Affordable Refinance Program for homeowners who were underwater on their mortgages or had little equity and were bound by mortgage insurance challenges was the elimination of the equity requirement. This change could help as many as 4 – 7 million more homeowners get payment relief while taking advantage of the historically low interest rates.

The belief is that homeowners will be able to add to an average savings of $3,500 a year and spend more on goods and services to directly impact the economy. Five HARP Questions To Determine Eligibility Is Your Loan Guaranteed By Fannie Mae or Freddie Mac?

We have included two simple loan lookup tools within this site with explanations about the process for determining if your loan is with either Fannie Mae or Freddie Mac. Fannie Mae: Freddie Mac: Double check to make sure you entered your information accurately. Ex: “St.” vs. “Street” Was Your Loan Sold To Fannie Mae or Freddie Mac Before May 31, 2009? This means that the lender you originated your loan with must have funded your loan with a the date listed on the Note before May 31, 2009. If you are unsure, or are not finding the results that you like with either loan lookup tool mentioned above, please feel free to call us directly and speak with a real mortgage professional who can assist you. 855-674-8525 Are You Current On Your Mortgage Payments?