What Is The HARP Program And Are You Eligible

Dated: October 25 2018

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What is the HARP Program? 

The Home Affordable Refinance Program is a federal program of the United States, set up by the Federal Housing Finance Agency in March 2009, to help underwater and near-underwater homeowners refinance their mortgages. 

HARP targets borrowers with loan-to-value (LTV) ratios equal to or greater than 80 percent and who have limited delinquencies over the 12 months prior to refinancing. 

Through HARP, you can get a lower interest rate (which means less out-of-pocket costs each month), get a shorter loan term, or change from an adjustable to fixed-rate mortgage. There’s no minimum credit score needed, either.


 Might You Be Eligible?  Does this information below apply to you

  • You are current on your mortgage, with no 30-day + late payments in the last six months and no more than one in the past 12 months.  

  • Your home is your primary residence, a 1-unit second home or a 1- to 4-unit investment property. 

  • Your loan is owned by Freddie Mac or Fannie Mae. 

  • You can use the Loan Look-up Tools below if you are unsure. 

  • Your loan was originated on or before May 31, 2009.

  • Your current loan-to-value (LTV) ratio must be greater than 80%. 

  • Is your mortgage owned by Fannie Mae or Freddie Mac?


Contact information:

 Fannie Mae -  800-7FANNIE (8 am to 8 pm ET)

 Freddie Mac -  800-FREDDIE (8 am to 8 pm ET)


 Note: Be sure and check your address on both the Fannie Mae and Freddie Mac look-up tool. If your address does not appear in the look-up tool of either site, your loan is not owned by Fannie Mae or Freddie Mac and you are not eligible for the program.

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Manuel Quiros

My name is Manny Quiros, I’m a real estate professional in the “Disney Area”, I have lived in this area since 1999 and have called this area my home and place my wife and I to raise our three wo....

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