Yes, you can refinance your home via HARP if you have no equity. That’s exactly the premise of the program! Via HARP 2.0, homeowners can refinance no matter how far underwater they are with their mortgage.

Is the HARP refinance program legitimate?

When HARP was discontinued in 2018, two programs replaced it: Fannie Mae’s high loan-to-value refinance option and Freddie Mac’s enhanced relief refinance. Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that buy mortgages and resell them at more affordable rates to homebuyers.

What is HARP mortgage program?

The new Making Home Affordable Refinance Program (HARP) is the Obama Administration’s government refinance assistance program designed to help California home owners who’s mortgage is over 80% LTV or upside down/underwater in value.

Can I sell my house after HARP refinance?

We’ve established that yes, it is possible to sell your house after you refinance with HARP. You sell your house should if: You are able to make money on the property or at least break even. You have some money set aside that you can pay the difference, if necessary.

Who qualifies for HARP refinance program?

The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. Borrowers must be current on their mortgage payments with no payments more than 30 days late in the last six months and no more than one late payment in the last 12 months.

What is the new HARP 2.0 program?

The HARP 2.0 Program (Home Affordable Refinance Program) enables borrowers who are underwater on their mortgage to refinance. If your mortgage is underwater, meaning your mortgage balance is greater than the value of your home, it can be virtually impossible to refinance without using a refinance assistance program.

How do you qualify for HARP program?

Who is eligible for HARP?

1. You’re current on your mortgage—no late payments over 30 days in the last six months and no more than one in the past 12 months.
2. Your home is your primary residence, a 1-unit second home, or a 1- to 4-unit investment property.
3. Your loan is owned by Freddie Mac or Fannie Mae.

Are there any mortgage refinance programs at Chase Bank?

Chase Bank Mortgage Refinance is available in 50 states (and Washington, DC). 3 different mortgage programs offered. Chase Bank Mortgage Refinance refinances FHA, HARP, VA, conforming, and conventional mortgages. Specializes in multi-family properties.

What’s the minimum down payment for a HARP refinance?

Co-applicants are allowed and you can qualify for a down payment as low as 3%. HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac.

Is the Chase Bank FHA streamline program approved?

Chase Bank FHA Streamline Refinance: What You Want To Know The simple answer is yes, Chase is an FHA approved lender and has loan officers who can help you refinance your FHA loan with the FHA streamline program.

How long does a Chase Bank refinance last?

Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Chase Bank Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years. Does Chase Bank Mortgage Refinance charge a mortgage origination fee?