house near the woodsHARP, which stands for the Home Affordable Refinance Program, was created to help struggling homeowners refinance their mortgage. This government program is designed to assist homeowners, who owe more money than what their home is worth, to have the opportunity to refinance their mortgage and lower their monthly payment. Interest rates in today’s market are 30% lower than rates in 2008, which can mean significant monthly savings! Find out if you meet the HARP eligibility requirements below:

Eligibility Requirements

-Fannie Mae or Freddie Mac must own or back your mortgage loan

-The value of your home is less than your current mortgage or your LTV ratio is 80% or higher

-Your home is your primary residence, second home or investment property

-Your mortgage was created on or before May 31, 2009

-You are current on your mortgage payments

 (No more than one late payment in the last 12 months, no 30+ day late payments in the last 6 months)

*Note: There is not a minimum credit score required for this program and closing costs can be bundled into your new loan.

Over 3 million Americans have taken advantage of this program. If you were turned down in the past, you may be eligible now. Several changes have been made since HARP was originally introduced. The guidelines and eligibility requirements are much simpler now. To learn more about the HARP program, give one of our mortgage specialists a call at (877) 788-4564 or receive a free quote here >> https://www.paramountequity.com/loan-options

  • “Freddie Mac and Fannie Mar have adopted changes to the Affordable Refinance Program (HARP) and you make be eligible to take advantage of these changes.”
  • “If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP.”
  • “You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mar by checking the following websites:
  • www.freddiemac.com/mortgage or http://www.fanniemae.com/loanlookup/.”