refinance underwater mortgage not eligible for harp

The Home Affordable Refinance Program, or HARP has helped millions of underwater homeowners. But millions more are not eligible because their loan is not owned by Fannie Mae or Freddie Mac. Still others are not eligible for HARP because they. have used HARP before on the same property; closed their loan after May 31, 2009

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The new programs, one each from Fannie Mae and Freddie Mac, will eventually replace harp, the home affordable refinance program. established in 2009, HARP is currently the only option for refinancing an underwater or low-equity conventional mortgage. Until recently, HARP was set to expire on Oct. 1 but has been extended to December 2018.

Post-HARP Refinance Options for Underwater Mortgages. – If you have an existing HAP, you are not eligible for the streamlined program. You may qualify if you refinanced out of HARP using the allowed standard refinance products. Here are Fannie Mae’s High LTV refinance factsheet and Freddie Mac’s Enhanced Relief Refinance factsheet for underwater mortgages.

Government’s HARP Program Has Been Extended – To see if you may qualify for a HARP refinance, ask yourself the following questions: 1. Am I up to date on my mortgage? If no, you are not eligible to refinance via. shopping site for HARP loans.

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Are You Eligible for a HARP Refinance? – My Perfect Mortgage – The HARP refinance was created specifically to enable homeowners who are "underwater" on their mortgages to refinance. Traditionally, homeowners are only eligible to refinance if their mortgage if the loan balances are lower than the value of their homes.

HARP Refinance Lender – Basic harp eligibility requirements. For help checking to see if your loan is eligible for HARP, CLICK HERE, or feel free to call us at 855-674-8525 to speak directly with a licensed HARP lender about your refinance options for your underwater mortgage. Your home loan is guaranteed by Fannie Mae or Freddie Mac.

Arizona underwater homeowners to get refinance help – More Arizona homeowners may soon be able to refinance to current low mortgage-interest rates, no matter how far underwater they are in their. many in Arizona," she said. "Revamping HARP is a good.

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Update on HARP Refinance Loan Programs Extended for 2019 and. – The HARP refinance program was going to expire on September 30th. The Federal Housing Finance Agency announced recently that it would extend the Home Affordable Refinance Program or HARP 3.0 through the end of last year. This is good news for people who are struggling with their mortgage and who owe more on their home than it is worth.