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HARP Loans – No Equity

The Federal Housing Finance Agency (FHFA) and the Department of the Treasury introduced HARP in early
2009 as part of the Obama Administration’s Making Home Affordable program. HARP provides borrowers,
who may not otherwise qualify for refinancing because of declining home values or reduced access to mortgage
insurance, the ability to refinance their mortgages into a lower interest rate and/or more stable mortgage

HARP is only one of several refinancing options available to homeowners. Since April 2009 when HARP
began, Fannie Mae and Freddie Mac have helped approximately nine million families refinance into a lower
cost or more sustainable mortgage product. HARP is unique in that it is the only refinance program that
enables borrowers who owe more than their home is worth to take advantage of low interest rates and other
refinancing benefits.

Borrower Eligibility
The existing mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.

Homeowners can determine if they have a Fannie Mae or Freddie Mac loan by going to: or calling 800-7FANNIE (8 am to 8 pm ET) 800-FREDDIE (8 am to 8 pm ET)

The program will continue to be available for loans with LTVs above 80 percent.

Borrowers must be current on their mortgage payments with no late payment in the past six months
and no more than one late payment in the past 12 months.

Borrowers should contact their existing lender or any other mortgage lender offering HARP refinances.

Working with CR Mortgage

  • We put YOU first.
  • CR Mortgage offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. CR Mortgage will find you the loan that is right for you!!!
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