Home Affordable Refinance Program (HARP 2.0)
Break Free from a Bad Mortgage Today!

  • Are you stuck in a high monthly payment with little or no equity in your property?
  • Do you want a mortgage that doesn't penalize you for a checkered credit history?
  • Like the idea of avoiding the hassle and stress of a property appraisal or inspection?
  • Want to break free from your current lender?

Qualifying for a HARP 2.0 Mortgage - Fannie Mae & Freddie Mac

  • The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. Check with Fannie Mae and Freddie Mac before applying.
  • The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. We can check that for you!
  • The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009
  • You must be current on your mortgage at the time of the refinance, with a good payment history in the past 12 months.

Additional Benefits and The Fine Print

  • Various fixed-rate loan terms available - 30 year, 20 year, and 15 year
  • Rental properties and vacation homes can qualify
  • No limit on negative equity if you refinance into a fixed-rate loan
  • If you refinance into an adjustable-rate mortgage, your maximum loan-to-value ratio (LTV) is 105 percent
  • You are not required to work with your current lender
  • You can be eligible even if you currently have lender-paid mortgage insurance
  • No increase in mortgage insurance coverage is required; mortgage insurance coverage must be transferred to the new lender.
  • Rates mentioned on this page are indicative and averages across Texas and California. Your actual rate would depend on various factors such as your credit history and amount of home equity.
Mortgage Rate Chart - Click a loan type below to view the trend