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If you have Chapter 7 bankruptcy discharge, is there a waiting period to qualify for HARP?

  • October 04 2013 - Columbia
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Answers (6)

Best Answer

If you apply for same servicer version there is no waiting period, assuming your current servicer underwrites to "Refi Plus" if Fannie Mae or "Relief Refinance" if Freddie Mac.

If you are applying for new servicer version, Fannie Mae has announced a change that will become effective Nov 16 in the "DU Refi Plus" version where they will remove the current waiting periods to match up with the same servicer version.   If your have HARP eligible Fannie Mae loan and have not been able to do anything with your current servicer, this could be an option for you soon. 
  • October 07 2013
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For Freddie Mac, I have seen the waiting period at 3 years and we have closed them after 3 years.

Contact me if you would like me to look into it.
  • October 08 2013
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Thanks Justin.  My mortgage is under Freddie Mac, serviced by Wells Fargo.  I just spoke with WF and told me I have to wait 4 years to qualify for HARP due to my chapter 7 bankruptcy.  I qualfied with all requirements except that I have to wait 4 years they said.  Not sure if this is true.
  • October 08 2013
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Anybody out there!
  • October 07 2013
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Thanks.  Discharged on June 2011.
  • October 04 2013
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What is the date it was discharged?
  • October 04 2013
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