Ingrid B. Quinn

NMLS ID #211652 Arizona, Loan Consultant

HARP Has Been Extended Through 2015

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ImageThe Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to extend the current expiration date for the HARP refinance program until December 31, 2015. The program was set to expire the end of 2013.

The program has provided many homeowners the opportunity to refinance an underwater or high loan to value mortgage to a lower rate. Over 2 million homeowners have taken advantage of refinancing since the program inception in 2009.

 Am I eligible? To be eligible, you must have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac, sold to those agencies on or before May 31, 2009. The current loan-to-value ratio on the mortgage must be greater than 80%. Borrowers cannot have missed mortgage payments in the past 6 months and cannot have had more than one missed payment in the past 12 months.

How do I take advantage of HARP? The first step homeowners should take is to see whether their mortgages are owned by Fannie Mae or Freddie Mac.

Homeowners can log on to: to look up on Fannie Mae’s website to look up on Freddie Mac’s website.

If you are still unsure contact your servicer and ask. Any comments please feel free to email me at or visit

Author: ibquinn

I am a Senior Loan Officer at Caliber Home Loans, with over 35 years of Mortgage Banking experience. I have the expertise and knowledge to help focus in on your home-ownership goals and make them into reality. My team of experienced mortgage professionals and I can assist you in all steps of the home buying process and ensure that you have a smooth and hassle-free transaction. Caliber cannot accept mortgage loan applications or inquiries for properties located in New York through this site. Ingrid Quinn NMLS #211652 BK#0923637 Licensed in AZ, CA, OR

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