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