Home Affordable Refinance Program

The Making Home Affordable program announced by the Department of the Treasury on March
4, 2009, includes a new initiative – Home Affordable Refinance Program (HARP) – to provide refinance opportunities to borrowers with mortgages held or guaranteed by Fannie Mae or Freddie Mac. This initiative 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 fixed rate product. The Federal Housing Finance Agency (FHFA) has also provided greater flexibility to Fannie Mae and Freddie Mac to implement this refinance initiative.

The maximum loan-to-value (LTV) ratio for refinance mortgage loans under this initiative will be expanded to 105 percent, and MI requirements will be significantly relaxed to assist borrowers who have experienced home price declines.

Click here to visit Fannie Mae's property lookup website to see if your property is eligible for refinance under the DU Refi Plus program. 

Click here to visit Freddie Mac's property lookup website to see if your property is eligible for refinance under the Open Access Relief program.

Click Get Rates to get an online rate and payment quote under the Home Affordable Refinance Program. 

Speak With A Loan Coordinator 

Would you prefer to speak with a Loan Coordinator over the telephone?  Please call us directly at   1-800-276-CYOL(2965) and choose option 1.  Or, click here to have one of our experienced representatives contact you directly.