HARP 2.0 was formally released by Fannie Mae and Freddie Mac on March 17, 2012. HARP stands for Home Affordable Finance Program. This program is designed to assist eligible homeowners who have underwater mortgages – meaning they owe more on their homes then what their homes are worth.
In order to be eligible for the HARP refinance programs, your loan must be backed by Fannie Mae or Freddie Mac. Click here to check and see if you have a Freddie Mac backed loan. Click here to see if you have a Fannie Mae backed loan. Other eligibility criteria include:
- your mortgage must have a securitization date before to May 31, 2009
- you must be current on your loan with no 30-day late payments during the six months preceding application and no more than one late payment during the last twelve months.
If you are interested in finding out if the HARP 2.0 program is right for you, please contact us at 239-936-4232.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved.