US Government HARP Underwater Mortgage - No Equity Home Refinance

The Home Affordable Refinance Program (HARP) gives homeowners who owe more than their home is worth* an opportunity to refinance. Today's typical HARP homeowner saves 27 percent per month.

Take advantage of today’s low rates and refinance up to twice your home’s value with a Harp 2.0  Loan.

If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). Harp 2.0 is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a brief loan application >>>apply here

  • Appraisal usually not required

  • Very little paperwork

  • Lower credit requirements, income verification, employee verification, and underwriting fees

  • Easily increase or decrease the length of the term of your existing loan

  • Take advantage of current low interest rates  >>>read more

Harp Refinance Beginnings

March 28, 2013


The Home Affordable Refinance Program, also known as HARP, is a federal program, set up by the Federal Housing Finance Agency in March 2009 to help underwater and near-underwater homeowners refinance their mortgages. Unlike the Home Affordable Modification Program (HAMP), which aims to assist homeowners who are in danger of foreclosure, this program targets homeowners who are current on their monthly mortgage payments but are unable to refinance due to dropping home prices in the wake of the U.S. housing market correction. >>>Apply here

HARP Refinance Programs (now at the lowest rates in 22 years)

May 3, 2013

Thinking about refinancing your existing mortgage, or taking out a new one? Don't delay, or it could cost you. Some Federal Housing Administration (FHA) changes involving tighter lending standards and higher mortgage insurance premiums already took effect on April 1st, while others are on the way - and these changes could make a dent in your wallet.
So what's prompting these changes? They come in the wake of the FHA's Mutual Mortgage Insurance Fund - which is used to fund homeowner programs - announcing a deficit of over $16.3 billion for fiscal year 2013. >>>Apply here

HARP Announces a New Plan to Refinance 'Underwater Mortgages'.

September 5,2012

4 years since its launch date, the HARP -Home Affordable Refinance Program  is reaching record-high popularity among U.S. homeowners.
US HUD Government data shows that HARP refinances now account for more than 25% of all refinance activity, and closed loans will likely top last year's record tally of 1.13 million..  HARP 2.0 is targeted to help homeowners who owe more on their mortgage than their home is worth – or ‘underwater’ – because their home saw a decline in home value. >>>Apply here

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The Benefits Of Harp 2.0 : No Appraisal Needed And 35% Monthly Savings

May 11, 2013

The government’s Home Affordable Refinance Program (HARP) has been expanded to help more homeowners qualify for refinancing their mortgage. Even those with little or no equity available may take advantage of low interest rates, and other refinancing benefits.Some of the great features of this type of refinance transaction are:

  • Generally lower closing costs

  • Generally more lenient underwriting

  • No Appraisal is required

  • The same low rates that conventional loans qualifying for a conventional refinance transaction would get. This includes adjustments for credit score, type of property, etc.)

  • If your loan is owned by Freddie Mac, you may not be required to prove income. NOTE: If your loan is owned by Freddie, you will have to do your refinance through your current loan servicer. However, Fannie loans can be done by any lender offering this program.

  • NO MORTGAGE INSURANCE (even if you owe more than the house is worth)

  • With a Fannie loan, all your closing costs can be included in the mortgage, so, except for a credit report fee and appraisal fee (if required), this loan does not require cash up front