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