HARP Program Eligibility Calculator
- Use this quick calculator to determine if you may be eligible to refinance through the Home Affordable Refinance Program (HARP).
Sorry, you're likely not eligible for a HARP refinance
ResultsGood News! Based on your answers, you may qualify for a HARP refinance.
- Get a personalized HARP refinance quote on Zillow Mortgage Marketplace. When you submit your loan request, make sure to indicate that your loan is owned/backed by either Fannie Mae or Freddie Mac in the "Your current loan" section of the loan request form.
- You can also contact your mortgage servicer (the company who manages your mortgage) to see if they are participating in HARP.
- For answers to commonly asked questions, visit our HARP FAQ.
HARP Mortgage Refinance Program
What is the Home Affordable Refinance Program (HARP)?
Announced in March 2009, HARP is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment. However, as of Aug. 31, only 894,000 borrowers have refinanced through HARP. On Oct. 24, 2011, President Obama announced an overhaul to the HARP program with the intent of reaching more underwater homeowners. The expanded HARP program - also referred to as HARP 2.0 - will take effect on December 1, 2011 for borrowers with a loan-to-value ratio of less than 125 percent and in the first quarter of 2012 for borrowers with a loan-to-value ratio of greater than 125 percent.
How can I get a HARP refinance quote?
You can get free, HARP refinance quotes by submitting a loan request in Zillow Mortgage Marketplace. When you submit your loan request, make sure to indicate that your loan is owned/backed by either Fannie Mae or Freddie Mac in the "Your current loan" section of the loan request form. You can also contact your mortgage servicer (the company who manages your mortgage) to see if they are participating in HARP.
Why didn't the original version of the HARP program work?
The original version of HARP had many roadblocks that made it difficult for homeowners to refinance. For example, the program only assisted those with mortgages with a loan-to-value ratio between 80 percent and 125 percent, but in many hard-hit housing markets across the country, homes have lost more than 50 percent in value making those homeowners ineligible for the program. Read more about why so few homeowners have been helped by the program.
How will the HARP program change?
How do I find out who holds my mortgage?
To be eligible for the HARP program, your mortgage must be held by either Fannie Mae or Freddie Mac. To "look up" your mortgage, check Fannie Mae. If you can't find your mortgage there, check Freddie Mac.
How do I know if I am eligible for HARP?
You can find out if you are eligible for HARP by using the HARP Eligibility Calculator located at the top of the page.