HARP | HARP Program | HARP Loan


If the value of your home has dropped since you bought it, the government’s
Home Affordable Refinance program may help.

Fixed Rate Mortgage

What is HARP/HARP 2.0?

HARP stands for the Home Affordable Refinance Program, which the government launched in 2009 to help underwater homeowners who are current on their Freddie Mac- or Fannie Mae-owned mortgages to refinance.

HARP allows high-LTV homeowners to refinance at the low rates lenders offer now. In 2012, the HARP program even underwent a revision, allowing even more borrowers take advantage of the program. This updated program is referred to as HARP 2.0.

Some background

When the housing bubble burst in late 2006, average home prices fell. This left millions of homeowners owing more on their mortgages than their homes were worth. Even worse, they were generally unable to refinance because of their high loan-to-value (LTV) ratios, even as mortgage rates fell to record lows.

Eligibility requirements

Because the government created this program with certain circumstances in mind, HARP refinances aren’t available to everyone. Requirements dictate that:

Other eligibility and underwriting guidelines will apply, depending on your individual financial situation.

Why pick Total Mortgage?

After 17 years of success, it’s safe to say that we know what we’re doing. Plus:

Think you’re ready to refinance with HARP? Give us a call or fill out the form on the right to find out more.

If your home has lost value, we’re here to help. Get started now by filling out our form or calling 203-707-5693

Home Affordable Refinance Program (HARP) allows responsible homeowners to refinance, even if their homes have lost value.

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Why choose Total Mortgage?