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