HARP Loan Refinancing

The Federal Government has issued a new program in which homeowners who owe more than their home's value can now refinance their loans. Designed to help homeowners take advantage of lower rates, this program now opens doors for those with good credit, and a good credit history to apply to refinance.

 

For details on Harp Loan refinancing call Sheryl Nolan at 404-933-9089.

 

About HARP

The Home Affordable Refinance Program (HARP) issued by the federal government assists homeowners in refinancing their mortgages. Mortgages must be backed by Freddie Mac or Fannie Mae in order for homeowners to qualify.

In a climate where homeowners have refinanced at rock bottom rates, those with homes that have decreased in value haven't had many options for refinancing. Especially when they haven't any equity in their homes. But the HARP program creates a way for homeowners with or without equity to qualify for a home refinance when they are "upside down" on their mortgages.

Not sure if your loan is guaranteed by Freddie Mac or Fannie Mae? Contact us on 404-933-9089 and we'll check your loan for you.

Qualifying for HARP

Wondering if you qualify for the HARP program? Here are a few guidelines...

  • The mortgage MUST be owned or guaranteed by Fannie Mae or Freddie Mac.
  • The mortgage MUST have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
  • The mortgage CANNOT have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
  • The current loan-to-value (LTV) ratio MUST be greater than 80%
  • The borrower MUST be current on the mortgage at the time of the refinance, with no late payment in the past six months and no more than one late payment in the past 12 months.
  • You have a reasonable ability to pay the new mortgage payments.
  • The refinance improves the long term affordability or stability of your loan.

 

How do I apply for HARP?

Applying for HARP is as simple as contacting our mortgage office in Duluth. We'll first ask to see your current mortgage statement to determine if your loan is backed by Freddie Mac or Fannie Mae.

Then, we'll have you fill out a loan application that will give us all of the information that we need to determine if you qualify for the loan. Refinancing through a HARP loan takes the same process as any refinance, and we'll need to pull your credit history, current income, past payment history, etc. Begin gathering tax statements and pay stubs for the process.

As loan specialists who perform HARP loans, we'll walk you through each step of the process.

    Sheryl took great care of us while we were purchasing our first home. She was always ready and able to answer all of our questions and kept us informed throught the entire process. We are so thankful that we had someone like her in our corner.

    melissamblack45 on 2020-04-01

    Sheryl was so helpful in every way! This was my first time buying a house and I had a million questions! She was so nice, professional and helpful! I would definitely recommend her to anyone!

    erincurrul on 2019-08-08

    I had a wonderful experience with Sheryl Nolan. She is great! Very quick the respond to question and always kept me in the loop of what was going on and how things were progressing every step of the way. Would recommend her to anyone and would use her again in the future if I need another home loan.

    zuser20160108105828297 on 2018-07-01

    My real estate agent referred me to Sheryl for a new home loan. Working with Sheryl made the entire loan experience so easy that I was amazed it all happened so fast. Sheryl is VERY detailed oriented and worked tireless to ensure everything was done correctly and so very professionally. I had very little experience in getting a home loan but Sheryl held me hand throughout the entire experience. She got me the best rate and I learned a lot from Sheryl. I would recommend her to everyone as she made my loan an enjoyable experience! She is honest and has a level of integrity that showed through with everything she did for me. Please use her as you won't be sorry!

    tsheff0106 on 2018-07-01

    Where do I begin! Sheryl worked SO HARD on our loan. We were not a normal mortgage and Sheryl took on the challenge and got us into our dream home. She was spot on getting back to my emails and calls right away. She even followed up after normal business hours just to make sure she checked in with me! I had no doubts in Sheryl's ability and will happily recommend her to all my friends and family!

    joshhastydc on 2017-12-01

    We truly enjoyed having Sheryl as our lender. We could ask her any questions and she was able to answer with a detailed, as well as, simplified response for us to understand...remember we were first time home buyers. She made everything very easy to understand and paperwork easy to access. She was available any time for questions, which is good because both my husband and I work full-time jobs. Needless to say she is the go-to lender. She gives real feedback and advise, overall great lender.

    zuser20151106080611806 on 2017-08-01

    Sheryl was an absolute joy to work with throughout the entire loan process. She was very responsive to all my questions prior to, and after I officially became a client. She is very knowledgeable about home loan products, and was able to recommend the best options for me based on my specific needs. Sheryl is a very effective communicator, and is really good at making complex loan processes/terminology easy to understand. I highly recommend her services!!

    user1130198217 on 2017-11-01

    Sheryl was a dream to work with. From day 1 she was in our corner fighting to find the right loan situation for us as new home buyers. She was always available to answer the multitude of questions that we had, calm any fears or soothe any anxiety. We were absolutely blessed to have her on our team during the home buying process.

    user99367972 on 2017-09-01

    Sheryl was fantastic to work with for buying our new home. She was always available to answer my questions and was a great partner throughout the whole process. I would definitely use Sheryl again for our next house.

    AnnUitts Newlin on 2017-05-01

    Sheryl was Amazing , it took the personal approach in assisting me with my home mortgage. She was very in detail , patient, understanding worked fast to get things done. Very efficient and personable !!! I would highly recommend Sheryl and use her again again In the future!!!! Sheryl was a GOD send

    zuser20140513152644210 on 2017-07-01

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