HARP Refinance Loan Program

Boca Raton Mortgage Loan Officer HARP DU Refi Plus Loan Program

HARP DU Refi Loan Program

 

Home Affordable Refinance Program (HARP)

Established in 2009, for Fannie Mae and Freddie Mac, the Home Affordable Refinance Program provides an option for homeowners to refinance “Under Water Mortgages”. A HARP Refinance addresses situations where the homeowner’s property value has fallen causing them to no longer to qualify under traditional underwriting criteria. Homeowners with a loan owned by Freddie Mac or Fannie Mae have the opportunity to refinance with any participating lender as long as the resulting loan is less than 125% of the current property’s value.

The Home Affordable Refinance Program (HARP) has been extended until December 31, 2013 and allows homeowners to refinance into low mortgage interest rates even if the property has decreased in value. There has also been some enhancements to the HARP Refinance program that was announced on October 24th, 2011. These enhancements may not be available until the end of the first quarter of 2012.

Following Criteria must be met to qualify for the “NEW” Enhancements made to the Home Affordable Refinance Program (HARP):

(available around the end of the first quarter of 2012 – Keep in mind that any lender can add Credit Overlays to the enhancements below)

Boca Raton Mortgage Loan Officer HARP DU Refi Plus Loan Program

Following Criteria must be met to qualify for the Home Affordable Refinance Program (HARP): (prior to 2012)

Boca Raton Mortgage Loan Officer HARP DU Refi Plus Loan Program

HARP Resources:

To qualify for HARP your loan will need to be held by Fannie Mae or Freddie Mac.. Here are look up tools to see if your loan was sold and being held be Fannie Mae or Freddie Mac:

Fannie Mae Lookup: “Click Here”

Freddie Mac Lookup: “Click Here”

FAQ’s from Fannie Mae on the HARP loan program: “Click Here”

Other useful site:

Fannie Mae

Freddie Mac

Be Smart … Ask Questions … Get Answers!

For more information, call (954) 599-3432 or “Click Here” to send me a message by e-mail

“Click Here” Get Started with your Loan Request

 

To learn about the advantages of being pre-quaified “Click Here”

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