Licensed in the State of Florida

Licensed in the State of New Jersey


2017 Florida HARP 2017

2017 Florida HARP 2017


2017 Florida HARP 2017 Program - (HARP) Home Affordable Refinance Program is designed to assist Florida homeowners in refinancing their mortgages even if you owe more than the home’s current value.

If you are current on your mortgage with or without equity then you are eligible for this program. As the government continues to purchase mortgage backed securities, rates continue to fall and are at record lows.

The Home Affordable Refinance Program allows you take advantage of current market rates even if you are underwater. Take advantage of the HARP program and lower your monthly payment or term using the Fannie Mae streamline process.

Florida homeowners who are current on their mortgages but have been unable to take advantage of today's lower interest rates because their homes have decreased in value, may now have the opportunity to refinance.

If the loan being refinanced does not currently have PMI then the new loan will not require PMI. The new loan must provide a benefit to the borrower in the form of a reduced P&I payment of at least 5% or more stable program.

The program should:

Credit score requirements:

  • Primary Residence 620 Credit Score
  • Second Home 680 Credit Score
  • Investment Properties 680 Credit Score

Maximum loan-to-value:

The objective of a refinance under Home Affordable Refinance Program is to provide creditworthy Florida homeowners who have shown a commitment to paying their mortgage the opportunity to get into a new mortgage with better terms.

Florida Homeowners whose mortgage interest rates are much higher than the current market rate should see an immediate reduction in their payments. Homeowners who are paying interest only, who have a low introductory rate that will increase in the future, or who face a balloon payment may not see their current payment go down if they refinance to a fixed rate and payment. These homeowners, however, could save a great deal of money by reducing the amount of interest you pay over the life of the loan.

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Call us 888-958-4228

HARP Application

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HARP Program

Minimum

Credit Score requirements

  • Primary Residence 620 Credit Score
  • Second Home 680 Credit Score
  • Investment Properties 680 Credit Score

Maximum loan-to-value

  • Primary Residence 620 Credit Score Maximum Loan-to-Value 200%
  • 680 Credit Score Unlimited Loan-to-Value (Primary & Second)

HARP Program

The program should

  • Reduce the interest rate
  • Replace an ARM or Interest-Only payment loan
  • Reduce the monthly Principal and Interest payment
  • Reduce the amortization term

HARP Program

Home Affordable Refinance Program allows you take advantage of current market rates even if you are underwater.

Apply Now

Call Us 888-958-4228