HARP—Home Affordable Refinance Program
HARP is designed for borrowers who are current on their mortgages, but who may be unable to get traditional refinances because the value of their homes has declined. Since HARP was launched in 2009, millions of homeowners have refinanced at lower interest rates—which means less out-of-pocket costs each month.
Earlier this year, the federal Home Affordable Refinance Program (HARP) was extended through December 31, 2018.
To take advantage of today's historically low interest rates, visit HARP.gov or contact your lender.
New guidelines for HARP 2.0, which went into effect in 2011, make it easier for homeowners to refinance, including:
- Borrowers can refinance regardless of how much the value of their homes has declined.
- Most homeowners will not have to get an appraisal, which makes the process smoother and faster.
- The HARP program has been extended through December 31, 2018.