The HARP Deal, If You Refinanced After 5/31/2009 You Are Not Eligible For HARP 2.0

One of the main requirements of the HARP Deal 2.0 is that the loan must have been closed and delivered to Fannie Mae (FNMA) or Freddie Mac (FHMLC) prior to June 1, 2009.

There are no exceptions to this requirement to qualify for the Fannie DU Refi Plus or the Freddie LP Open Access.

As stated in a previous post, The HARP Deal, Does Your Loan Qualify?, not only does your loan need to be owned by Fannie or Freddie, but:

  • the loan must not be in default (additional credit requirements apply)
  • the loan can not be a Government loan (FHA, VA, USDA, etc.)
  • the loan can not be a Reverse Mortgage
  • the loan must be a 1st lien

If your loan does not meet the above criteria, then unfortunately you do not get to “pass go” for the HARP Deal 2.0.  However, if none of the above apply to your loan, the next step is to check the Fannie and Freddie “look up” sites:

***Great news regarding loans that have been modified since 6/1/2009.  A loan modification does not automatically disqualify you for the HARP Deal 2.0.***

California property owners, questions regarding the HARP Deal 2.0?  Contact Jocko FeehanMortgage Loan Officer with Amerifirst Financial by calling (760) 212-2268 or go online to: www.TheHARPDeal.AmeriFirst.Us


About Kevin Kueneke

I am a Sr. Loan Officer with The Lending Company in San Diego, California. The HARP Deal is a very important part of the housing recovery, and I want to help you take advantage of this great program. View all posts by Kevin Kueneke

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