Government Home Affordable Refinance Program (HARP)

A paper with 'Home Affordable Refinance Program' written across the top, symbolizing the financial assistance available under the program.

HARP Program Now Allows More Homeowners To Refinance

Federal regulators have made key changes to HARP, the Home Affordable Refinance Program designed to help borrowers who owe more on their loans than their house is worth. Many homeowners pay their mortgages on time, but are not able to refinance to take advantage of today’s lower mortgage rates, mainly due to a significant decrease in the value of their home. A Home Affordable Refinance will help borrowers refinance their first mortgage even if the balance owed is more than the home value.

A red pencil circling the words "Affordable Housing" on a piece of paper signifying the financial assistance available.

HARP Refinance Program Enhancements

  • You can be “underwater” and owe more than 100 percent of the current value of your home. There is no ceiling to how much you owe over your home’s current value.
  • Program is now extended to Dec. 31, 2013.
  • You must not have been more than 30 days past-due on your mortgage in the most recent 6 months.

To find out the details on if you qualify and how you can apply for the HARP program, contact our nonprofit housing counselors from, a HUD-approved agency. Your individual financial and mortgage situation will be reviewed. Your options will be explained to you, and an action plan outlining your next steps will be created at no charge to you.

Article written by
Melinda Opperman
Melinda Opperman is an exceptional educator who lives and breathes the creation and implementation of innovative ways to motivate and educate community members and students about financial literacy. Melinda joined in 2003 and has over two decades of experience in the industry.

Take the First Step Towards Financial Freedom!

Subscribe to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.