Home Affordable Refinance Program (HARP)

Even if you owe more than your home is worth, the Home Affordable Refinance Program could help you refinance to a lower rate.
If this loan will be secured by your principal dwelling and the extension of credit exceeds the fair market value of the home, the interest portion of the credit extension that is greater than the fair market value is not tax deductible for federal income tax purposes. You should consult a tax advisor for further information regarding the deductibility of interest and charges.

The Home Affordable Refinance Program (HARP) is a government-backed program that could lower your interest rate and reduce your monthly mortgage payment.

Are you eligible for a HARP mortgage?

You may qualify for HARP if all of the following apply to you:

  • Your loan was delivered to Freddie Mac or Fannie Mae on or before May 31, 2009.
  • You're current on your mortgage payments, with no late payment in the past 6 months and no more than one late payment in the past 12 months.
  • You'll be able to afford the new payments.
  • You haven't already refinanced the same property in the past using HARP.

NOTE: Use these criteria for guidance only. Contact your mortgage company to find out if you qualify for a HARP refinance mortgage.

Next steps

Find out if your mortgage is owned by Fannie Mae or Freddie Mac by calling your lender or looking up your loan here:

Fannie Mae loan lookup

Freddie Mac loan lookup

If you do have a Fannie Mae or Freddie Mac mortgage, ask your lender about a HARP refinance mortgage. Have the following information ready to help speed up the process:

  • Your mortgage statement and other loan information such as payments and balances of second mortgages, auto or student loans.
  • Copies of your 2 most recent pay stubs showing your year-to-date earnings.
  • Your most recent quarterly or year-to-date profit/loss statement, if you're self-employed or an independent contractor.
  • Your most recent personal checking, savings, money market, mutual funds, stock and bond statements.
  • Your most recent tax returns.

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