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HOMEOWNERS ASSISTANCE
REFINANCE PROGRAM!!
Are you current on your mortgage but have lost value in your property and wish you could refinance? Well....NOW YOU CAN!
REFINANCE YOUR EXISTING FIRST MORTGAGE TO 105% OF THE VALUE OF YOUR HOME! * SECOND MORTGAGE CAN BE HIGHER THAN THAT!!
CHECK HERE TO SEE IF YOUR PROPERTY IS OWNED BY FANNIE OR FREDDIE AND QUALIFIES FOR THIS PROGRAM!
FANNIE MAE LOAN LOOKUP
FREDDIE MAC LOAN LOOKUP
What is the Home Affordable Refinance Program?
Originally announced by President Obama Feb. 17
Home Affordable Refinance Program
- Geared toward helping customers current on their mortgage payments, but home value has declined to a point that may make them ineligible for traditional refinance products
Loans must fund and close by June 10, 2010
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Products |
Fixed: 15, 20, 30 |
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LIBOR ARM: 5/1, 7/1, 10/1 |
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Can not refinance from a fixed-rate to an ARM product |
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Amortization |
Fully Amortized |
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Interest-Only payment not allowed |
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Allowable Property Types |
Single family residence |
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Multi family residence |
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Condo |
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Coop |
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PUD |
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Occupancy |
Primary and Investment (1-4 unit) |
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Second Home (1-unit) |
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