In order to take advantage of the HARP 2.0 program you will need to qualify for it. Below are some basic guidelines the program requires.
- Minimum of a 620 middle credit score.
- Maximum DTI ratio of 45%.
- Income and asset verification per the selling guide.
- Loan has to be older than May 31, 2009.
- No mortgage lates in the past 6 months
- Mortgage has to been a FNMA or a Freddie Mac mortgage backed security.
To see if your mortgage is eligible for a refinance please visit http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx. Once clicking the link you will be leaving Hippofinancial.com.
Have questions? Please call us to help at 877-630-7730 ext 1.