what are the qualifications for a harp loan

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HARP – HARP-the Home Affordable Refinance Program-was created by the Federal Housing Finance Agency specifically to help homeowners who are current on their mortgage payments, but have little to no equity in their homes, refinance their mortgage – that is, they owe as much or more than their homes are currently worth – are eligible for a HARP refinance. If you got your mortgage loan at a bank, credit union or mortgage company, it may be owned by Fannie Mae or Freddie Mac.

Harp Mortgage Program Qualifications | Finance Information – One of the most important requirements for HARP is that your loan must be owned or guaranteed by either Fannie Mae or Freddie Mac. This is true regardless of the specific lender you pay each month. You can use the simple online forms to determine if your loan is owned by Fannie Mae or owned by Freddie Mac.

HARP: Dispelling the myths – Now, HARP doesn’t have any loan-to-value restrictions for fixed-rate mortgages. If you are looking to refinance through HARP with a new lender, the income documentation and qualifications have been.

Home Affordable Refinance Program – Wikipedia – The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.

Underwater on Your Mortgage? Do This Now – If you’re underwater on your mortgage. program (harp), more and more homeowners who are underwater have the choice to refinance and stay in their homes. You’ll need to meet certain criteria to.

Is the HARP Mortgage Refinance Program A Scam? | HARP. – Is the HARP Mortgage Refinance Program A Scam? Some of the most popular questions loan officers at are lending partners are asked about HARP is:

What Can HARP Do For You? – In those areas many borrowers had mortgage balances that greatly exceeded the value of their homes and could not qualify for assistance under HARP. HARP 2.0 HARP 1.0 not only had LTV problems, it also.

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