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HARP 3.0

Change is Coming… Again

HARP 3.0HARP 3.0 is the improved version of the HARP Program and an enhanced version of HARP 2.0 which will bring about a new set of enhancements and changes. Although not officially in place, the present administration has a lot of support from the President and members of Congress to make HARP 3.0 a reality. With HARP 2.0, many homeowners were helped, but it still left many without any help and still in vulnerable mode of losing their homes.

HARP 3.0 vs HARP 2.0

  • With HARP 2.0, your mortgage had to be insured by either Fannie MaeFreddie Mac or a participating lender. The revisions that HARP 3.0 offers is that every mortgage, even owned privately, including jumbo, sub-prime or other loan programs will have the same refinancing options guaranteed by the Federal government.
  • With HARP 2.0, your mortgage had to be in place by June 1, 2009.  With HARP 3.0, legislation is working to possibly eliminate that requirement, or at least push the date up. This will make it possible for  just about any borrower to be able to refinance at the lower interest rates.
  • When HARP 2.0 was put in place, you could only apply and use it once. With HARP 3.0 though, you can apply and get refinanced even again, getting to take advantage of even lower rates than they were three years ago.
  • Before you couldn’t be late in the 6 months with HARP 2.0. Now you can be late once in 6 months with HARP 3.0

So while there are still some restrictions to be met, such as late payments and income requirements, this new set of guidelines put forth by HARP 3.0 will open up the possibility of refinancing at a lower rate to millions of more Americans. Stay tuned..change is coming.

Contact us today for you HARP rate

HARP Loan Program

Current HARP Rates

Current HARP Rates

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HARP Refinance Benefits

Appraisal Fee NONE
Application Fee NONE
Pre-Payment Penalty NONE
All Occupancy & Property Types OK
Above 125% Home Value OK

Freddie Mac HARP ProgramHUD HARP Program

Fannie-Mae HARP Program

 The best way to determine your eligibility for the HARP Program is to fill out our Pre-Approval Form