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Harp Mortgage Refinance Progam

Home Affordable Refinance Program (HARP) Loans

Every mortgage loan that qualifies for HARP Mortgage is unique. Please complete the form on the right to be contacted by one of our mortgage professionals, or call Total Mortgage at 877-868-2503 to speak to a licensed loan officer now. A mortgage expert would be happy to assist in getting you qualified, while also securing the lowest available mortgage rate possible.

What is Home Affordable Refinance Program (HARP)?

Offering assistance to as many as 9 million homeowners, the Home Affordable Refinance Program (HARP) loans will not only make monthly mortgage payments more manageable, but HARP loans will also help in the prevention of the devastating effects of foreclosure. In the end, it is anticipated that HARP loans will positively reinforce the effects on families, neighborhoods and the economy as a whole. Fannie Mae and Freddie Mac have unveiled DU Refi Plus™ and Relief Refinance℠ Mortgage, respectively, to complement the federal government's Making Home Affordable program.

DU Refi Plus™ and Relief Refinance℠ and HARP loans

DU Refi Plus™ and Relief Refinance℠ Mortgage have been designed - with HARP loans at the forefront of consideration - to help homeowners who have not been late with their monthly mortgage payments, yet are unable to benefit of the historically low mortgage rates by refinancing because the value of their home has declined so greatly, thus increasing their loan-to-value (LTV) over 80%. It is anticipated that DU Refi Plus™ and Relief Refinance℠ Mortgage will prove HARP loans successful.

HARP loans: Quicker, smoother and more cost-effective

The flexibility within HARP loans allows for the refinance process to be quicker, smoother and more cost-effective for the lender and the borrower. Requirements for HARP loans are less restrictive and less cumbersome, with the appraisal even being waived under certain circumstances.

The criteria for qualifying for HARP loans includes:

  • Property eligibility requires the home to be a 1- to 4-unit primary residence
  • Existing mortgage loan must be secured by either Freddie Mac or Fannie Mae
  • Monthly mortgage payments must be current (no late payments of 30 days or more in the past 12 months)
  • Maximum LTV is 105%
  • New refinance loan must improve the borrower's position

HARP loans will be able to help millions of Americans save on their monthly mortgage payments, regardless if their home has lost value.

HARP loans are only eligible through June 2010.

Mortgage Refinancing Calculator

Don't forget to check out our mortgage refinancing calculator.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.

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