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