The HARP 2.0 program was created by the Federal Housing Finance Agency in 2009 to enable those with a loan to value (LTV) ratio more than 80% to still refinance without having to pay for the Mortgage Insurance. Known as the “Making Home Affordable, the Obama Refi”, this loan type can be a great option for you.
In order to qualify for the HARP refinance program, you must have the following
- have your loan must be back by Fannie Mae or Freddie Mac
- Current LTV must be greater than 80%
- No past due payments in the last 12 months
- Purchased home on or before 5/31/2009
If you have any more questions about the HARP 2.0, be sure to reach out to us.
©2019 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of San Diego MLS data last updated at October 16, 2019 5:32 AM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.