HARP Loans Programs in Alabama
What is the HARP Loan Program ?
The US Government’s Home Affordable Refinance Program (HARP) is a program designed to help Alabama homeowners refinance their Alabama home in situations where home value has declined and, as a result, other AL home loan refinancing programs are not an option. H.A.R.P. loans in that state of Alabama are meant to help homeowners obtain a more affordable and stable AL mortgage.
HARP Loan Requirements in Alabama
- Alabama homeowners who currently owe more their AL mortgage than the home’s current market value
- Have private mortgage insurance in Alabama
- Have a Fannie Mae or Freddie Mac insured loan
- Have wanted to refinance in Alabama but were told they didn’t qualify
- Alabama refinances of up to 95 percent loan-to-value
- Good payment history on current Alabama loan
- Additional requirements apply
Do refinance fees for HARP Loans in Alabama apply?
Alabama HARP loans require underwriting and a loan application process and underwriting process so refinance fees will apply.
Apply for a HARP Loan
Apply now or contact the AL HARP lenders at Home Point Financial to learn more about the Alabama HARP program and eligibility.
