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The Home Affordable Refinance Program—commonly called HARP—ended on December 31, 2018. Mortgage News Channel keeps this address available so visitors searching for HARP do not receive obsolete eligibility claims or lose the path to current assistance.
HARP was created during the housing crisis for certain borrowers whose mortgages were owned or guaranteed by Fannie Mae or Freddie Mac and whose home values made ordinary refinancing difficult. Historical HARP rules should not be used to judge eligibility for a mortgage today.
Depending on the current loan, equity, payment history, credit, income, property and goal, a homeowner may want to compare a standard rate-and-term refinance, cash-out refinance, home-equity option or assistance offered by the present loan servicer. No single program replaces HARP for every borrower.
A page or advertisement that still offers HARP, HIRO or FMERR eligibility may be outdated. Confirm the name, availability, requirements, costs and consumer protections of any proposed option before providing documents or paying a fee.
By Anthony Piccone · 7th Level Mortgage LLC
FHFA: HARP extension through December 2018
General information is useful. A mortgage professional can help you evaluate the facts that apply to you.
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