The very first thing you have got to see can be your most recent financial along with your payment records. As entitled to the brand new HARP program, you really must be current on your own home loan repayments. Simultaneously, you can’t have payments which were over 30 days later over the last half a year, with no one or more overlooked fee within the last twelve weeks.

Lender

Any home loan we want to re-finance compliment of HARP need to be secured or belonging to Frannie Mae or Freddie Mac computer. If you aren’t yes which bank has your existing mortgage, you can check their Freddie Mac computer otherwise Frannie Mae home loan standing.

Home loan Type

Becoming qualified to receive the new HARP program, you might just have a conventional mortgage. Most other mortgage selection like the USDA, FHA, or Va mortgage aren’t approved for the HARP refinance system.

You to Play with

You age assets after. Anytime you’ve was required to re-finance your home from this system just before, you might not be able to refinance the next date.

Origination Date

Their real estate loan have to have a keen origination day toward or prior to , to meet up what’s needed to your mortgage. You need to use the tools listed above to find the origination date, you can also telephone call 800-7FANNIE or 800-FREDDIE anywhere between 8 was and you will 8 pm eastern go out. [Read more…]