Though it was announced by the Obama administration late last year, “HARP 2.0" – the second version of the Home Affordable Refinance Program – will finally hit full stride around the middle of this.

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Does Fannie Mae or Freddie Mac own my home loan? "Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes." "If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP."

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After seven program extensions, HARP is scheduled to end December 31, 2018, when new assistance programs from the mortgage-loan-backing agencies fannie mae and Freddie Mac will take its place. In the.

They must also meet basic HARP eligibility requirements, including that their mortgage is owned by Fannie Mae or Freddie Mac. Still on the.

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Fair. (Under 600 Only) Most people with bad credit fall in this category. Have a history of late payments that are consistently 60 days or more over due. Poor.

As a general rule, you can only use HARP to refinance once. The only exemption to this is if you refinanced a Fannie Mae loan through HARP.

You can also check Fannie Mae’s website here to see if they own your loan. If your loan is owned by either Freddie Mac or Fannie Mae, you must then also owe a minimum of 80% of the Loan-to-Value (LTV) on your home. This restriction is in place because the HARP program was created to help people who could not receive financing through other means.

If you’re current on your mortgage, but have had difficulty refinancing, HARP could provide a solution. Even if you owe more than your home is worth, if your mortgage is owned by Fannie Mae or Freddie Mac, you could save with HARP. application deadline: december 31, 2018

in compliance with respective Fannie Mae/Freddie Mac harp underwriting guidelines and program requirements. Transactions which are not HARP eligible .

In order to qualify for HARP you will need to have a mortgage loan that is owned by Fannie Mae or Freddie Mac. If you have an FHA loan, VA loan, or any other.

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