What is the HARP Loan Program in New York?

The US Government's Home Affordable Refinance Program (HARP) is a program designed to help 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 NY mortgage.

New York HARP Loan Requirements

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

Do refinance fees for HARP Loans in New York apply?

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

New York HARP Loan Lenders

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