You must be able to make your mortgage payments moving forward.
It doesn’t matter what you owe or how upside-down you are.
You must have a fair credit score.
Subject Property can be your owner occupied residence OR a rental property.
Property can be a 1-4 unit property.
Your Loan Must be owned by Fannie Mae or Freddie Mac (lookup who owns your loan by clicking these links). Then Check Eligibility by applying (even if you do not see your loan as being owned by Freddie Mac or Fannie Mae, it may still be. Apply to check eligibility).
HARP (Home Affordable Refinance Program) helps homeowners that are currently “under water” with their home’s value. If you fit the guidelines, you can take advantage of the HARP program and refinance while Mortgage Interest Rates are at record lows. The Government has made sweeping changes to the Lending Industry by creating the HARP Refinance Program. Never before have homeowners had the ability to refinance a mortgage that exceeds their home’s value (underwater mortgage). Current mortgage holders who didn’t think they could refinance because they had no equity are saving thousands of dollars using this program.
THE HARP PROGRAM MAY ONLY BE AVAILABLE FOR A LIMITED TIME.
Tel: (407) 455-6800