Harp Extended

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The Federal Housing Finance Agency today extended the home affordable refinance program through Dec. 31, 2018. The program was scheduled to phase out in September upon the launch of Fannie Mae and Freddie Mac’s new streamlined refinance program for borrowers with high loan-to-value ratios.

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The Federal Housing Finance Agency announced Thursday that it is extending HARP through Dec. 31, 2018, adding an additional 15 months onto the program’s already extended lifespan.

The 143,000+ people who qualify to refinance their house through HARP will need to decide if they want to use that cost-savings program or wait for the programs that will replace HARP later in 2018. If your mortgage is “underwater” – in other words, you owe more than your house is currently worth – HARP could save you a ton of money.

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A HARP lender will work with you through every step, and will help determine if HARP meets your specific needs. Outlined below are the steps to get started. Step 1. Verify your HARP eligibility. Verify if you are eligible for HARP refinance, using harp verification tool online. Step 2.

HARP extended; new high ltv refi option coming soon. A critical part of Fannie Mae’s role in the Making Home Affordable Program is the Home Affordable Refinance Program (HARP), available for refinances of existing Fannie Mae (and Freddie Mac) loans. The goal of the refinance effort, as.

Will Extend HARP Home Loan Program Into Next Year.. The Home Affordable Refinance Program, or HARP, already had been extended at least twice and was scheduled to end at the end of this year.

Borrowers with existing HARP loans are not eligible for the new offering unless they have refinanced out of HARP using one of the Enterprises traditional refinance products. HARP Extended into 2017. The new high LTV streamlined refinance offering will not be available to borrowers until October 2017.

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Fannie Mae and Freddie Mac will continue to refinance qualifying borrowers who have lost equity in their home without requiring additional mortgage insurance for another year under the Home Affordable.

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