The HARP Program will be available to 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac. Normally, these borrowers would be unable to refinance because their homes have lost value, pushing their current loan-to-value ratios above 80%. Under the HARP program, many of them will now be eligible to refinance their loan up to 125% LTV to take advantage of today's lower mortgage rates or to refinance an adjustable-rate mortgage into a more stable mortgage, such as a 30-year fixed rate loan. The HARP program ends in December, 2013. To qualify...
- 125% Max LTV (Loan To Value)
- 620 Minimum FICO Score
- Loans up to $625,500 (loan must be before 6/1/2009)
- Must be current on mortgage payments
- Must NOT have PMI (Private Mortgage Insurance)
- Must be owned by Fannie Mae or Freddie Mac (verify below)
Freddie Mac Link: https://ww3.freddiemac.com/corporate/
Fannie Mae Link: http://loanlookup.fanniemae.com/loanlookup/
Free Property Value: https://ww.zillow.com/homes/
Free Credit Score: http://www.creditkarma.com/
Apply for a HARP loan by clicking here. Quick App.
HARP (Home Affordable Refinance Program)
"Home Loans Done Right"
Real Estate Broker, CA Department of Real Estate. License 01440772, NMLS License 237847
Call: 866-966-9045 Today!
