The Home Affordable Refinance Program (HARP 2.0) is a federal-government program designed to help homeowners refinance at current low mortgages rates even if they are underwater (owe as much or more on their mortgage than their home is worth.) It enables borrowers to refinance into a more affordable or stable mortgage and remain in their home. Most homeowners eligible for a HARP refinance are able to reduce their monthly payment by lowering the interest rate on their mortgage. Other homeowners can use HARP to convert their adjustable mortgage into a more predictable, fixed-loan program. You also have the option to do a HARP refinance for a shorter-term loan, which will help you build equity in your home at a faster pace.

Save your underwater home by lowering your interest rate and monthly payment.HARP 2.0

Over the past few years, millions of homeowners have taken advantage of HARP 2.0 to save their homes. You can as well, but don’t wait too long. Although interest rates are still at historic lows, the Fed has signaled that they will start going up soon.

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Features and Benefits

• Unlimited LTVs
• No DTI Overlays
• Desktop Underwriter will allow up to 64.99%
• LP has no DTI limit
• On DTIs over 55-60%, we reserve the right to get a second signature from our investor.
• HARP manufactured housing eligible

Programs available to qualified borrowers only. Some Restrictions may apply. Programs subject to change without notice. Contact eLucid for more information.

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