• Ron Goldan | 908.253.9700

HARP 2.0

Is your  home loan balance higher than today’s value of your home? This is usually called an “underwater” loan.  The HARP Refinance Program is a federal government program to help underwater or near-underwater homeowners refinance to today’s low rates and save on their monthly payment. Summit Financial Mortgage offers the HARP Refinance Program to homeowners who have lost value in their homes and have been unable to refinance or have been turned down by a bank or another lender. More recently the HARP Refinance guidelines have been expanded to allow more eligible homeowners. You may qualify for the HARP Refinance Program if you meet the following requirements:
  • Your home loan must be owned or guaranteed by Fannie Mae or Freddie Mac
  • Your home loan must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009
  • The borrower must be current on the mortgage payment and not missed a payment in the last 6 months
  • The current  loan-to-value (LTV) ratio must be greater than 80%
If you have been unable to refinance your home loan due to today’s lower home values, please call us today to see if you are eligible for the HARP Refinance Program.
We also specialize in the following New Jersey Loan Programs: