Home Affordable Refinance Program

Posted in Refinance on November 1, 2011

(HARP) Home Affordable Refinance Program was designed to assist underwater homeowners refinance their home in to a better mortgage program. It offers a standard fixed rate mortgage typically at a lower interest rate.

Requirements & Fees

  • Your loan must be owned by Fannie Mae
  • Fees of up to 2% may be applied by lender for mortgage terms greater than 30 years.
  • Fees of up to 1.5% may be applied by lender for mortgage terms greater than 15 years.

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