Home Affordable Refinance Program
(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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