How do I find out if I am eligible for a HARP loan?
I presently have a 5 year arm that I got 2 years ago at 3.25%.
Hi Patricia. Harp loans are only available for borrowers whose loans were closed under Fannie Mae/Freddie Mac guidelines no later than 5/31/2009. You would not be eligible for a HARP loan. The primary advantage of HARPs is the reduced equity requirements. Depending on your loan balance versus value, you may well have other options if you want to lock in a fixed rate. Let me know if I can help! Ted | 08.18.15 @ 03:50