Is My Loan HARP Eligible?
How Do I Tell Who Owns My Mortgage?
We discussed some of the qualifying guidelines for HARP 2.0 | DU Refi Plus in previous posts. Since only conventional Fannie Mae or Freddie Mac loans are eligible a lot of home-owners ask, how do I know who owns my loan?
Typically, the mortgage company providing the statements and accepting the payments is only providing the service of billing, statements, customer service, etc. The company that provided the funds originally is called the “investor”, of which, Fannie Mae and Freddie Mac are the two largest investors in the country.
It won’t tell you on your mortgage statement, sometimes it doesn’t even tell you on your credit report. Luckily, Fannie and Freddie have both set-up web pages that will allow you to search for your mortgage to determine if the Home Affordable Program is a possibility for you.
As with anything, their HARP loan search sites may not be 100% accurate, but they are a good place to start.
Of course, just because you find your mortgage on the sites below doesn’t always mean you are HARP 2.0 | DU Refinance Plus program eligible.
We are happy to help with additional guidance on that, just complete the contact form to the right and a HARP refinance specialist will contact you within 24 hours with full eligibility details and a rate quote.
Simply enter your address to determine if Fannie or Freddie own your loan. Once you have confirmed that you have a conventional mortgage, complete the form below and we’ll contact you to ensure full eligibility and provide a HARP rate quote and let you know how much you can save.
It’s that easy. Five to ten minutes of your time could free up hundreds or maybe even thousands from your annual budget.
Even if you don’t have a Fannie or Freddie mortgage loan, FHA offers their Streamline Refinance and VA offers their VA IRRL that are also designed to help home-owners take advantage of low rates despite their equity situation.