Have you taken advantage of HARP 2.0 mortgage refinance program?
HARP, the Home Affordable Refinance Program, was started in 2009 and provides relief to homeowners due to the real estate downturn, including under water mortgages.
HARP refinance program eligibility: (AKA DU Refi Plus, Freddie Relief)
- Your loan must be backed by Fannie Mae or Freddie Mac.
- Your current mortgage must have a securitization date prior to June 1, 2009
If you meet these two criteria, you may be HARP eligible.
Criteria for qualification exists and credit overlays vary from lender to lender. Program eligibility includes primary residences, investment properties and second homes. Individual scenarios vary.
Fannie Mae Lookup
If your mortgage is an FHA, USDA or a jumbo mortgage, you are not HARP eligible. FHA mortgages can be refinanced via the FHA Streamline Refinance program. VA mortgages may be refinanced via the VA IRRRL mortgage program (VA Streamline Refinance).
Please feel free to contact me for a free mortgage consultation. Let's determine if one of these programs may benefit you.
Until Next Time,
Craig Turley
Craig Turley is a 20 year mortgage industry veteran with experience as a corporate executive, entrepreneur, and banking. He is licensed as a mortgage banker in Arizona and California.
