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