AVAILABLE FOR A LIMITED TIME
The government HARP loan program is still available to homeowners who have lost equity during the housing crisis, but you must act quickly since the program is scheduled to expire on December 31, 2018.
QUALIFICATIONS
We can help to relieve the pressure still being felt by many homeowners as a result of the 2009 housing meltdown. However, the loan must meet the following qualifications:
- The mortgage must be owned or guaranteed by Fannie Mae or Freddie Mac.
- The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
- Borrowers must be current on their mortgage payments with no payments more than 30 days late in the last six months and no more than one late payment in the last 12 months.
- Eligible property types are primary residence, one-unit second home and one-to-four-unit rental property.
- The current loan-to-value (LTV) ratio must be at least 80 percent. There is no maximum LTV limit for a new fixed-rate mortgage. The maximum LTV for a new adjustable-rate mortgage is 105 percent.
You cannot have previously refinanced under HARP (unless it was a Fannie Mae loan refinanced under HARP between March and May 2009)
SEE HOW MUCH YOU QUALIFY FOR
A HARP loan can make a strained mortgage situation feel comfortable again. But you must act now.
Call Premier Funding Network at 714-283-9900 and let us explain all the details of this government mortgage assistance program.
