Home Forums Article Discussions New Harp Mortgage Program Guidelines [discussion]

This topic contains 892 replies, has 2 voices, and was last updated by  P. Chun 4 years, 6 months ago.

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    HARP Mortgage Program guidelines outlined with the announcement of the HARP 2.0.

    [See the full post at: New Harp Mortgage Program Guidelines]


    Jacqueline Rack

    When can I apply and how do I start?


    Susan Salvaggio

    I’m interested in refinancing my mortgage to lower my payment to help us out. thanks, Sue


    John Rossini

    Looking to refi. Purchased house in 2008 and refinanced in Dec 2009. Does this mean I exceeded the July 2009 cut-off for this program? I owe on my mortgage approx $20-$30,000 more than my house is valued at. Would love to take advantage of this program. Please send me more info!!



    Did they lower the price of the refi? BOA tried to charge me 10,000 bucks just to lower my payment by less than 200 bucks per month. They wanted to charge me points and it seemed like a RIP OFF.



    can a home equity loan and first mortgage be refinanced together


    William Cunningham

    Please tell what the requirements for refinancing my current Fannit Mae Loan.

    William Cunningham






    Does it matter if my single family home is on 12 acres? It is owned by Freddie. My appraisal is 470K and loan is 380K. I am moving from primary res to investment prop and re-fi a 5/1 ARM. Thanks.



    They need to come out with a program to help everyone whose home is valued less than the balance on their mortgage and not just loans owned by Fannie or Freddie



    First, allowing people to refi above 25% negative equity and growing? That’s just wrong!

    Second, if this is just a GREAT deal, then why is there still a CAP 5/31/09 on the age of the loans.



    We are wanting to Refinance but, have a conventional loan. My husband does qualify for VA benefits. I was hoping HARP could help but, not having an Fannie Mae or Freddy Mac loan prevents us from doing this. Is there anyone that can help us. In 40 years we haven’t had as much as a late payment! Please Help Us.

    Clarice & Joe



    can a home equity loan and first mortgage be refinaced together


    Steve Kass

    Does the harp program apply to second home mortgage?



    Does your current loan still have to be from Fanny Mae or Fanny Mac or can it be from another leneder?



    I refinanced my house 2 1/2 yrs ago,with a home equity loan fixed at 6.25 .I still owe 85,000 my house is only valued at 49,000. Have a 820 score. Can I refinance,under Harp


    Mike Holoka

    I would like yo know when this takes effect.


    David Rubinstein

    Hi Katyh,
    No you can not combine your first and equity line into 1 new mortgage but you are able to refinance your current 1st mortgage and keep open your equity line, considering your equity line lender allows this. Please email with any questions. Thanks.



    What alternatives are there for loans not owned Fannie Mae and Freddie Mac?



    Dodd- Frank states there must be an interior inpsection appraisal on these typs of loans, so to utulize a AVM would be illegal!

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