What is the HARP Loan Program in Maryland?

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

Maryland HARP Loan Requirements

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

Do refinance fees for HARP Loans in Maryland apply?

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

Maryland HARP Loan Lenders

Apply now or contact the MD HARP lenders at Home Point Financial to learn more about the Maryland home mortgage programs and eligibility.