What are the primary requirements for HARP

The basic requirements for HARP refinancing eligibility are:

  • Mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
  • Mortgage must have been completed on or before May 31, 2009
  • Must be current on your mortgage payments
  • The current loan-to-value ratio “LTV” must be greater than 80%.  While the LTV has no limit according to Fannie and Freddie, many lenders are still capping between 125% and 150% LTV
  • The borrower must benefit from the HARP loan.

For more detailed information see HARP Guidelines, or get in touch a HARP expert to discuss your personal situation.

Feel free to contact us if you would like to discuss you HARP loan or get help determining if you qualify and to inquire about rates.