HARP Program Eligibility Calculator

Use this quick calculator to determine if you may be eligible to refinance through the Home Affordable Refinance Program (HARP). NO Personal Info or SS# Required. We DO NOT sell your information to others. A+ BBB Rated Direct Lender. 5 Easy Questions.




Question 1

Is your loan owned or guaranteed by Fannie Mae or Freddie Mac?


Sorry, you're likely not eligible for a HARP refinance.

According to the Congress of the United States Congressional Budget Office, roughly half of all outstanding mortgages are Fannie Mae or Freddie Mac owned or guaranteed.

If your loan is not owned or guaranteed by Fannie Mae or Freddie Mac, then you may have a Federal Housing Administration (FHA), Veteran's Administration (VA), or United States Department of Agriculture (USDA) loan. Or, perhaps your loan is owned by a private entity such as a community bank. Therfore, you do not qualify for the HARP Program.

Question 2

Did you close your current loan on or before May 31st 2009?


Sorry, you're likely not eligible for a HARP refinance.

According to the Federal Housing Finance Agency (FHFA) guidelines, current loans are only eligible if they were closed on or before May 31, 2009.

Question 3

Have you completed a HARP refinance since June 1st, 2009?


Sorry, you're likely not eligible for a HARP refinance.

According to the Federal Housing Finance Administration (FHFA), your mortgage cannot have been previously refinanced under HARP unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.

Question 4

When you plan to refinance, will BOTH of the following statements be true?

  • I will not have made a late payment within the past 6 months.
  • I will not have made more than one late payment in the last 12 months.

Sorry, you're likely not eligible for a HARP refinance.

According to the Federal Housing Finance Agency (FHFA), to qualify for a HARP refinance you must be current on your home loan payments. For HARP, this means you cannot have been late on a payment during the six months prior to your refinance and have not made a late payment more than once in the previous 12 months.

Question 5

Does your loan fall under the current conforming loan limits?


To find out : Loan Limits

Sorry, you're likely not eligible for a HARP refinance.

Your loan did not fall into the conforming loan limits set by the Federal Housing Finance Agency (FHFA).

A conforming loan is one that falls at or below the maximum financeable amount allowed by the FHFA. In general, the maximum amount financed is $417,000. However, in high cost areas defined by the FHFA, the maximum amount is $625,500.

Question 6

Is your loan balance greater than 80% of your home's value?


Sorry, you're likely not eligible for a HARP refinance

The HARP program was specifically designed to assist those with loan-to-value ratios of greater than 80%. Even if you're not eligible for a HARP refinance, with a loan-to-value ratio below 80%, you may be eligible for alternative refinance options.

Get Expert Help Today!

  • First Name:
  • Last Name:
  • E-mail Address:
  • Primary Phone:
  • Loan Amount:
  • Estimated Home Value:
  • State:
  • Current Lender:
  • Current Interest Rate:
  • Credit:
  • Do you have Mortgage insurance (PMI) on your loan?
  • Is your loan owned by Fannie or Freddie?

Questions About Harp 2.0

What is the Home Affordable Refinance Program (HARP)?

Announced in March 2009, HARP is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. However, as of Aug. 31, only 894,000 borrowers have refinanced through HARP. On Oct. 24, 2011, President Obama announced an overhaul to the HARP program with the intent of reaching more underwater homeowners. The expanded HARP program also referred to as HARP 2.0 will take effect on December 1, 2011 for borrowers with a loan-to-value ratio of less than 105 percent and in the first quarter of 2012 for borrowers with a loan-to-value ratio greater than 105 percent.

Why didn't the original version of the HARP program work?

The original version of HARP had many roadblocks that made it difficult for homeowners to refinance. For example, the program only assisted those with mortgages with a loan-to-value ratio between 80 percent and 105 percent, but in many hard-hit housing markets across the country, homes have lost more than 50 percent in value making those homeowners ineligible for the program.

How will the HARP program change?

Some of the major changes to the HARP program include:

No underwater limits
Borrowers will now be able to refinance regardless of how far their homes have fallen in value. Previous loan-to-value limits were set at 105 percent.

Eliminating appraisals and underwriting
Most homeowners will not have to get an appraisal or have their loan underwritten, making their refinance process smoother and faster.

Modified fees
Certain risk-based fees for borrowers who refi into shorter-term loans will either be eliminated or modified.

Extended deadline
The end date to get a HARP refinance has been extended to Dec. 31, 2013.

How do I find out who holds my mortgage?

To be eligible for the HARP program, your mortgage must be held by either Fannie Mae or Freddie Mac. To "look up" your mortgage, check Fannie Mae. If you can't find your mortgage there, check Freddie Mac.