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. Below are a few of the key points:
- Refi Plus and DU Refi Plus mortgage loans have been extended to December 31, 2013, provided the note date is on or before
- No maximum LTV for fixed-rate mortgages with terms up to 30 years
- No mortgage delinquencies on the existing mortgage in the most recent six month period, and no more than one 30-day delinquency in months 7-12
- Borrowers that have previously received HARP loans are ineligible to refinance under this program.
- Eligible for those whose loans were purchased by FNMA/FHLMC prior to May 31, 2009.
You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:
For more information about this and other financial programs, please contact my lender partner, Nathan Nelson by clicking HERE.
