Harp 2.0

The HARP 2.0 program is also known as, “Making Home Affordable, the Obama Refi.” The program was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without paying for mortgage insurance.

In order to be eligible for the HARP refinance program: Your loan must be backed by Fannie Mae or Freddie Mac. Current LTV (loan to value) must be greater than 80%. Must be current with no past due payments in 12 months. Home must have been purchased on or before 5/31/2009.

If you tried prior and the lender said that you are not eligible for HARP, ask for specific reasons why. If you have good reason to believe you are eligible, consider talking with a different lender. It never hurts to get a second opinion.  We will be happy to give you a second opinion if you can qualify.   Call 858-337-6968.

Advantages of the HARP 2.0 Loan

HARP is available for Primary, Second Homes and Investment Properties.

In many cases, an appraisal is not needed.

HARP loans can offer lower interest rates and shorter loan terms.

HARP sets a cap on closing costs which creates an attractive offer for homeowners.

You can be underwater in equity and still get assistance.

Eligibility for HARP 2.0

Borrowers need a 620 fico score and need verifiable income.   We will help you with the entire process.  Call 858-337-6968