Frequently Asked Questions

What are the primary requirements for HARP?

What are the HARP loan rates?

Who owns my loan?—Fannie Mae or Freddie Mac?

Some terms to know – mortgage terminology (LTV, Escrow, PMI, etc)

I am current on my payments, but my home value has gone down, will HARP help me?

Can Freddie Mac or Fannie Mae own my loan – assuming I make my monthly payment to a bank or servicing company?

What is the Homeowners Affordable Refinance Plan (HARP)?

Is there a maximum LTV limit for HARP Loan eligibility?

Will refinancing lower my payments?

Is my servicer participating in MHA?

What should I do if my servicer tells me that the investor is not participating in the Making Home Affordable Program?

I’m current on my mortgage, will a refinance under the Home Affordable Refinance Program (HARP) help me?

How do I know if I am eligible for a refinance under HARP?

How might HARP benefit me?