UPDATE! – May 8, 2015:
HARP has been extended through December 31, 2016! More details will be forthcoming, stay tuned.

Original post:
Federal Housing Finance Agency Director Mel Watt said Thursday it was “highly unlikely” that the HARP Mortgage program would be extended at the end of the year. HARP, a popular government home refinance program designed to help underwater borrowers is set to end this December.

Since 2009 the HARP Mortgage program has helped over three million homeowners refinance. HARP was introduced in 2009 as part of the Making Home Affordable program.

To qualify for refinancing through HARP, the borrower must have taken out a mortgage that was sold to Fannie Mae or Freddie Mac no later than May 31, 2009. To check if your loan is with Fannie or Freddie, you can consult each of these enterprises by visiting the “Who Owns My Loan“ page.

Borrowers must also be current on their mortgages and have no record of a 30 day late payment within the last six months, and may only have one 30 day late payment over the past 12-month period. Loans with loan-to-value ratios (LTVs) higher than 80% will continue to be eligible for HARP. Check the “HARP Mortgage Requirements” page for current HARP requirements.