what are the requirements to qualify for the harp program

The Home Affordable Refinance Program, or HARP, was a federal government initiative introduced in 2009 after the housing crisis to help struggling homeowners.It is no longer active. HARP’s purpose was to help mortgage borrowers who were underwater on their loans – meaning they owed more than what their house is worth – to refinance their mortgage.

Do you meet harp loan requirements? Homeowners must decide when to refinance. Your original loan must have closed by May 31, 2009. If you qualify for the HARP program, you can refinance your.

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In addition, you must meet the following harp eligibility requirements: Your loan originated on or before May 31, 2009. Your mortgage payments are up to date, with no late payments (30 days or more) in the past six months and no more than one late payment in the past 12 months. You’re.

Under HARP, homeowners who meet the HARP loan requirements (explained below) can qualify to refinance their home mortgages. What Led to the HARP Program? During the mid-2000s, a collection of moving parts led to the over-inflation of home prices (and their underlying valuation) throughout the United States.

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""Don’t ever go delinquent on your mortgage if you want to qualify for a program,"" she said. is working to spread knowledge of HARP and get more borrowers involved. In addition to loosening.

Harris, a graduate of a historically black university or college, noted her proposal to put $2 billion toward the.

In this second of five articles, we look at the home affordable refinance program. under HARP from March-May 2009. Now, if reading the above eligibility requirements is more painful than a root.

HARP 2.0 Refinance Requirements – Lender411.com – HARP 2.0 requirements specify that borrowers must have a consistent, reliable payment history to qualify. Borrowers will be disqualified if they have made any late payments within six months of the refinance application.

HARP II Refinance Program Eligibility HARP Guidelines and Eligibility criteria. Several criteria must be met to qualify for the HARP Program. While there may be additional criteria imposed by lenders, the basic government requirements are as follows: The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. This is a big one.