Home Affordable Refinance Program 2.0

The new version of the HARP program, called HARP 2.0, allows for unlimited loan-to-values. What this means for you is that you may be able to refinance to lower your payment– even if you are very, very underwater on your mortgage – owing way more than your home is worth. And, if you don’t have private mortgage insurance on your current loan, you will not need it on your new loan. The new program allows for lower rates, lower closing costs, and often, no appraisal is needed. Even if you didn’t qualify under the first version of HARP, you may qualify now to take advantage of historically low interest rates. To determine whether you may be eligible, just follow these three easy steps.


 Am I eligible for HARP?

–>Your loan must be backed by Fannie Mae or Freddie Mac

–>You must have made your mortgage payments on time for the past 6 months

–>You must have gotten your current mortgage prior to June 1, 2009

–>Owner-occupied, second homes, and rentals all may qualify

Verify if your loan is backed by Fannie Mae or Freddie Mac

There are online lookup tools for both Fannie Mae and Freddie Mac. Check with Fannie Mae first, and then Freddie Mac since Fannie Mae owns more mortgages and is much easier to work with. You may need to try your address several ways (with and without street/ directional etc.) as the address needs to exactly match what they have on record. If it appears that neither Fannie Mae nor Freddie Mac owns your mortgage, it is best to call them to make sure they don’t have your address listing another way.


Click here for Fannie Mae’s online lookup

or call Fannie Mae: 1-800-732-6643 option 1

Click here
 for Freddie Mac’s online lookup

or call Freddie Mac: 1-800-373-3343 option 2


My loan is eligible. Now what do I do?

Just fill out the CONFIRM ELIGIBILITY questionnaire and we will be able to price your loan and get back to you with a rate quote for your home payments via Oregon HARP.


Kids Finally Have a Home


Two Realtors who love Terry Kilby, Mortgage Banker


We’ve Done Multiple Loans with Terry Kilby


Out of State Home Buyers Happy with Terry Kilby, Mortgage Banker


Got a Killer Interest Rate on our VA Loan


Terry Kilby Gets the Job Done – On Time