what is harp loan program

The ERR program is a new refinance offering that will replace the Home Affordable Refinance Program (HARP) upon its termination in December 2018 – HARP loans are currently excluded from CRT reference.

The Home Affordable Refinance Program (HARP) is a federal refinance program targeting underwater homeowners. First announced in March 2009, HARP is designed for homeowners who are current on their mortgage payments, but who haven’t been able to refinance because they have limited equity, no equity or negative equity in their homes.

HARP or the Home Affordable Refinance Program is a government program that is designed to help homeowners refinance their existing mortgages into more affordable loans. With the HARP program, homeowners can refinance their mortgages even if they owe more than what their homes are worth.

"It happened a little slower than we thought, but it’s definitely picking up," says Rob Nunziata, president of FBC Mortgage in Orlando, Fla. Unlike with the first version of HARP, the revamped program.

HARP is a government program known in full as the Home affordable refinance program. Although we are not the government, we provide a network of qualified, experienced HARP Mortgage Lenders committed to helping homeowners who are trying to refinance an underwater mortgage and take advantage of all the benefits the HARP program can offer.

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The HARP program can help! If you’re not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP ). HARP is designed to help you get a new, more affordable, more stable mortgage.

The HARP program allows borrowers to refinance the first mortgage while a second mortgage is in place. Fannie and Freddie do not set a combined loan-to-value (CLTV) maximum. The CLTV is the total of all loans on the property.

The HARP mortgage is a home loan refinance program launched in March 2009, which gives homeowners whose homes have lost value the ability to refinance to current mortgage rates without incurring.

Sammamish Mortgage offers Affordable Home Refinance Program in Seattle & Bellevue, WA areas. Contact us to learn more about our harp loan programs.