What is the HARP Loan Program in Maine?

The US Government's Home Affordable Refinance Program (HARP) is a program designed to help Maine homeowners refinance their home in situations where  value has declined and, as a result, other refinancing programs are not an option. H.A.R.P. loans are meant to help homeowners obtain a more affordable and stable mortgage.

Maine HARP Loan Requirements

  1. Homeowners who currently owe more on their mortgage than the home’s current market value
  2. Have private mortgage insurance in Maine
  3. Have a Fannie Mae or Freddie Mac insured loan
  4. Have wanted to refinance but were told they didn't qualify
  5. Maine refinances of up to 95% loan-to-value
  6. Good payment history on current Maine loan
  7. Additional requirements apply

Do refinance fees for HARP Loans in Maine apply?

Maine HARP loans require underwriting and a loan application process, so refinance fees will apply.

Maine HARP Lenders

Contact Home Point Financial to learn more about the Maine HARP program and eligibility.