Millions of Americans have taken advantage of the Home Affordable Refinance Program (HARP) – now it’s your turn. Rejected previously? It’s time to try again. But hurry, the HARP loan program is available to homeowners until December 2016.

This federal government program can provide some financial freedom. Refinance to a lower-rate mortgage with no down payment requirement. Plus, you have the choice of fixed or adjustable rates over various terms.

Key Features of HARP Loans

  • Expanded loan-to-value ratios provide additional assistance
  • Get financial relief if you’re paying off a high-rate mortgage on a home that’s worth less than you owe


Down Payment None
Terms Multiple years, fixed and ARM
Credit Score 620 minimum
Mortgage Insurance Yes
Maximum Loan Limit $417,000*
*Some “high balance” areas have loan limits above the standard level.

How Can HARP Help Me?

If you’re underwater on your current mortgage, HARP refinancing can give you immediate relief and help you stay afloat. It provides significant savings through the following:

  • Lower monthly payments
  • Lower interest rates
  • Better chance at a fixed-rate mortgage that won’t change over time
  • Building equity more quickly
  • Lower closing costs

How Do I Prepare for a HARP Loan Program?

This program has been improved since its launch in 2009. With today’s guidlelines, we can approve more loans due to the process being simplified, with fewer requirements. Here’s how to get started:

Make sure that your mortgage is backed up by Fannie Mae or Freddie Mac. Otherwise, you’re not HARP-eligible. If your mortgage is an FHA, VA, USDA or a jumbo mortgage, you won’t qualify for HARP.

Make sure your mortgage is old enough. Your mortgage must have started on March 31, 2009 or earlier.

Review your credit report to make sure you have been paying on time. All homeowners applying for HARP must have made their last six payments on time. HARP also requires a maximum of only ONE 30-day late payment within the year.

To learn more about HARP and how it can help you, request a quote today. One of our experts will guide you through the process and answer any questions you have.