What is the HARP Loan Program in Rhode Island?

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

Rhode Island 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. 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 Rhode Island apply?

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

Rhode Island HARP Lenders

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