HARP Program 2012

The Harp program has been extended until December 31, 2013.

Requirements for the HARP program:Approved Stamp

  • The HARP program only applies to Fannie Mae or Freddie Mac mortgages.

  • The homeowner must be able to afford the new lower payment.

  • The current mortgage must be up to date with no late payments in the past twelve months.

  • Payments on the new loan must be more affordable or more stable than on the existing loan.

  • The maximum Loan to Value (LTV) cap has been removed on home owners looking to refinance in to a fixed rate mortgage.

  • However for homeowners looking to refinance in to an adjustable rate mortgage the maximum LTV is set at 105%.

A participating lender can determine if your loan is owned by Fannie Mae or Freddie Mac and can further evaluate your HARP program eligibility. To contact one, fill out the convenient 4 step form to the right.