HARP Mortgage Program Guidelines

To qualify for the HARP Program, a borrower’s loan must meet the following guidelines.  Primarily, the existing home mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.   If you financed your home more recently than that you will not qualify under HARP.  The latest HARP Program – HARP 2 - will allow certain loans with LTVs above 80% to be refinanced – and still meet Fannie and Freddie guidelines – helping borrowers that were previously restricted from refinancing due to value issues.

How can I check if I my loan is owned by Fannie Mae for HARP Program Refinancing?

How can I check if my loan is owned by Freddie Mac for HARP Program Refinancing?

If you discover that you loan is owned by either Freddie of Fannie, click the Getting Started Menu - Get rates and apply.

Further eligibility for the HARP mortgage program include that:

  • Borrowers must be current on their mortgage payments with no late payment in the past six months.  Borrowers may not have more than one late payment in the past year.
  • Borrowers should contact any mortgage broker or lender offering HARP refinancing opportunities.  HARP loans are not made directly with Fannie/Freddie but with a traditional mortgage lender, credit union or bank.
  • The HARP Program will extend through December 31st, 2013


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