HOME AFFORDABLE REFINANCE PROGRAM (HARP)

Refinance even if you owe more than your home is worth

Your current mortgage is owned or guaranteed by Fannie Mae or Freddie Mac, and was originated before June 2009.

You are current on your mortgage payments

SUMMARY

The Home Affordable Refinance Program (HARP) is a streamlined refinance program launched in 2009 to help homeowners unable to refinance their homes due to a decline in their home’s value. HARP is designed to provide these homeowners with an opportunity to refinance by allowing the transfer of their existing mortgage insurance to their newly refinanced loan. It also allows homeowners without mortgage insurance on their previous loan to refinance without having to get new insurance coverage.

You may be eligible for the program if:

  • You are current on your mortgage payments.
  • You haven’t already refinanced the same property under the Home Affordable Refinance Program.
  • Your current mortgage is owned or guaranteed by Fannie Mae or Freddie Mac, and was originated before June 2009.

You can determine whether your mortgage is owned by either Fannie Mae or Freddie Mac by visiting the following websites:

Fannie Mae

Freddie Mac