Harp 2.0

The HARP 2.0 program is also known as the “Making Home Affordable, the Obama Refi” loan program. This program was created by the Federal Housing Finance Agency after the mortgage meltdown in 2008 to enable home owners with a loan-to-value ratio exceeding 80% to refinance their mortgages without paying mortgage insurance.

In order for an individual to be eligible for the HARP refinance program, the following must be true:

  • Your loan must be backed by Fannie Mae or Freddie Mac
  • Your  current LTV (loan to value) must be greater than 80%
  • You must be current, with no past due payments in the last 12 months
  • Your home must have been purchased on or before 5/31/2009

If the above is true for your situation and you haven’t already looked into HARP 2.0, click on the link below to see if your property is eligible. Then give us a shout to see if this may make sense for you to pursue.

Click here to see if you qualify