Is the HARP Mortgage Refinance Program A Scam? | HARP Mortgage Network
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Is the HARP Mortgage Refinance Program A Scam?

Some of the most popular questions loan officers at are lending partners are asked about HARP is:

“This HARP program seems too good to be true, is this a scam?”

“Is it really possible for me to refinance if my house is worth less than I owe?”

“I’ve spoken to 7 banks and no one says I can refinance, why is HARP different?”

It’s a reasonable question, because with today’s low rates and the ability to refinance even if you owe more than your house is worth, well, it DOES sound too good to be true.

The reality here is that the HARP mortgage program is NOT a scam.  It is a legitimate mortgage refinancing program that was setup and is fully backed by the government of The United States.  The HARP program has helped thousands of homeowners refinance into low rate loans regardless of how much their home is worth.  Of course, there are still some restrictions so it is important to understand what they are.  Click Here For HARP Mortgage Qualification Criteria

You can see by reading through the qualifications that there are limits to what can be done.  While they are still some of the broadest qualification criteria for mortgages that we have seen in years, it still restricts some people from refinancing.  We believe this is why some people think HARP may be a scam.  However, even if you don’t qualify for a HARP refinance, it is a good idea to inquire anyway.  There are many new loan programs available that have the potential to save you money.  It’s worth a shot, all you have to lose is 15 minutes of your time.

Find out if you qualify for a HARP loan today!
Use our Free Tool to Quickly Determine Your Eligibility.

HARP Loan Eligibility Tool, Click Here To Get Started

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 Yes, You Can Refinance!

  • Underwater is OK!
  • No Appraisal Required
  • Low Interest Rates
  • Save Thousands!
Current Mortgage Rates
CurrentLast Week
Do You Qualify For A HARP Refinance Loan?
  • Your mortgage MUST be owned by Fannie Mae or Freddie Mac. (this is different from who services your mortgage)
  • You CAN owe more than your house is worth. No appraisal is necessary for most HARP loans.
  • Your current loan must have started prior to May 2009.
  • You need to be current on your mortgage for the past 6 months.

Click Here To Read More About Qualification Criteria... or call 1-800-525-0705 to talk live now with a licensed professional that can answer all of your questions and possibly get you approved today!