HARP Refinance

HARP Refinance FAQ

The Home Affordable Refinance Program (HARP) is designed to assist homeowners in refinancing their mortgages - even if they owe more than the home's current value. Download the HARP Refinance FAQ for details.

Home Affordable Refinance Program (HARP)

The Affordable Refinance Program (HARP)
Visit the The Making Home Affordable Program website
A critical part of the Making Home Affordable program is the Home Affordable Refinance Program, available for refinances of existing Fannie Mae or Freddie Mac loans only. The goal of the refinance effort, as announced by the President, is "to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices." The expectation is that refinancing a Fannie Mae or Freddie Mac loan will put responsible borrowers in a better position by reducing their monthly principal and interest payments or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product.

The Home Affordable Refinance Propgram announced by the Department of the Treasury on March 4, 2009, is for borrowers who have demonstrated an acceptable payment history on their mortgage but due to a decline in home prices or where mortgage insurance (MI) is not available, have been unable to refinance to obtain a lower payment or move to a more stable product.

Effective April 2, 2009, this program is now available and we look forward to the opportunity to see if this program may assist you in dropping your current monthly mortgage payment, or provide you a more stable loan program to meet your needs.

Freddie Mac Logo Fannie Mae Logo In order to be eligible for this program, your loan must have been sold to Fannie Mae or Freddie Mac. Click to learn more about the Freddie Mac and Fannie Mae Loan Lookup Tools and how to use them.