Mortgage Glossary
Home Affordable Refinance Program
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
The Home Affordable Refinance Program (HARP) was a post-2008 government program that let underwater borrowers refinance.
What Home Affordable Refinance Program means
HARP expired in 2018, replaced by Fannie Mae's and Freddie Mac's high-LTV refinance options for borrowers with little or negative equity.
Florida example
A Florida homeowner who once used HARP would today look to a high-LTV agency refinance instead. The goal is the same: lower the rate even when equity is thin.
Related program: Learn more →
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