Key Benefits of HARP: -Qualify to refinance even if you’ve been denied in the past. -Your loan must be owned or backed by Fannie Mae or Freddie Mac -The U.S. government’s Home Affordable Refinance Program (HARP) is a great option for homeowners who have little or no equity, or owe more than their home is worth. -HARP’s relaxed qualification requirements and streamlined refinance process have made it possible for nearly 3.5 million Americans to take advantage of low rates since the program began in 2009. -Closing costs are often lower than you’d expect, and most scenarios do not require an appraisal. The current HARP program ends on Dec. 31, 2018 and is due to be replaced with a new version in 2019.
Term : 30 years
Maximum Amount : $679,650
