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Home Affordable Refinance

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HARP Extended to December 31, 2018

A critical part of Fannie Mae's role in the Making Home Affordable® Program is the Home Affordable Refinance Program (HARP), available for refinances of existing Fannie Mae (and Freddie Mac) loans. The goal of the refinance effort is to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices. Refinancing will put responsible borrowers in a better position by reducing their monthly principal and interest payments, or moving them from a more risky loan structure (such as interest-only or short-term ARM) to a more stable product. Our solutions provide mortgage refinances with no limits on LTV, and mortgage insurance flexibilities.

Fannie Mae DU Refi Plus™ for loans underwritten through Desktop Underwriter® (DU®)

DU Refi Plus provides increased efficiencies for the origination and underwriting of Fannie Mae to Fannie Mae limited cash-out refinance transactions in DU with no maximum limits on LTV and provides mortgage insurance flexibilities for LTVs over 80 percent. Eligible loans identified in DU receive increased underwriting flexibilities, including expanded eligibility criteria and DU minimum documentation requirements.

For additional questions and information, please contact your Account Executive.