Is a HARP Loan right for you?
Why Choose a HARP Loan?
If you’re struggling with an underwater conventional mortgage, a HARP loan may offer the financial relief you need. The Home Affordable Refinance Program (HARP) allows eligible homeowners to refinance their mortgages, even if they owe more than the home’s current value. This program enables refinancing without the need to pay down principal or purchase mortgage insurance, making it a lifeline for those seeking stability and lower monthly payments.
What is a HARP Loan?
Launched in 2009 by the Federal Housing Finance Agency, HARP was designed to help homeowners facing financial strain due to declining property values. Through this federal program, eligible homeowners with Fannie Mae or Freddie Mac-backed loans can refinance to lower rates, reduce monthly payments, and secure more manageable terms without the need for additional equity.
HARP Loan Qualifier – Quick, Simple, and Painless
We aim to make the HARP loan process as easy and transparent as possible. With our streamlined HARP Loan Qualifier, you’ll receive tailored refinance options that meet your specific financial situation. Our low rates and efficient process help you take advantage of HARP benefits quickly and with minimal hassle.
Quickly find out how much you qualify for. ⬇️
Benefits of a HARP Loan
- Lower Monthly Payments: HARP allows you to refinance at potentially lower interest rates, reducing monthly payments and offering financial relief.
- No Need for Private Mortgage Insurance (PMI): Even if you’re refinancing a loan with a high loan-to-value (LTV) ratio, HARP does not require PMI, which helps you save on monthly costs.
- No Requirement to Pay Down Principal: With HARP, you don’t need to reduce your loan balance before refinancing, even if you’re significantly underwater.
- Stability and Peace of Mind: By locking in a lower, fixed interest rate, you gain more predictability in your finances.
Who Qualifies for a HARP Loan?
- Your mortgage must be backed by Fannie Mae or Freddie Mac.
- Your loan must have originated before May 31, 2009.
- You must be current on your payments, with no late payments in the last six months.
- Your loan-to-value (LTV) ratio must be over 80%.
The HARP Loan Process
We’re here to guide you through each step of the HARP loan process, ensuring clarity and confidence in your decisions:
- Complete Our Simple HARP Loan Qualifier
Start with our free, easy-to-use qualifier, which will help us understand your financial situation and HARP eligibility. - Review Your Refinance Options
Based on your profile, we’ll present HARP loan options that meet your needs, helping you make informed comparisons. - Compare Mortgage Interest Rates and Terms
We’ll help you understand the differences in rates and terms so that you can choose the most cost-effective and suitable option. - Select the Best Offer for You
With clarity and guidance, choose the refinance offer that best fits your financial goals.
By making the HARP loan process straightforward, we aim to help you navigate the steps with ease, so you can move forward with confidence and improved financial security.
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