HARP 2.0 PROGRAM HIGHLIGHTS:
(As of March 8, 2012)
- Fannie Mae or Freddie Mac must be the investors on the loan
- The loan must have been purchased by Fannie or Freddie by June 1, 2009
- No mortgage lates in the past six months but one in the previous twelve months is okay
- Underwater? No problem? No appraisal required (at least that is what we have been told)
- Second’s okay (although loan to value” cap
- Lower your payment by refinancing into today’s interest rates
- Limited Documentation
- Closing Costs can be included into the loan
