Freddie Mac's Planned Changes to HARP - Many More Homeowners Eligible

Mortgage and Lending with American Financial Resources

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According to a recent article published by, more homeowners may be eligible for the Home Affordable Refinance Program (HARP) under Freddie Mac's new loan-to-value ratio requirements.

Freddie Mac plans to adjust the HARP guidelines so that borrowers with LTV ratios of 80% or under have the same entry requirements as loans with LTV scores of 80% or above. This change also applies to HARP 2.0, the latest version of the program designed to help borrowers with underwater mortgages.

Prior to the change, borrowers looking to refinance under HARP 2.0 or the Relief Refinance programs had to have LTV ratios of 80% or greater to qualify.

Freddie Mac plans to announce the official changes to lenders by mid-September so banks can begin accepting applications on loans to be delivered by the first of next year.

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If you have any questions regarding HARP refinancing, feel free to give American Financial Resources a call at 800-634-8616 or visit us online at

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