Designed by:

HARP 2.0 is the more generous successor to the original HomeAffordable Refinance Program. It is designed to allow homeowners to refinance their mortgages, even if they owe a lot more than their homes are now worth.

The original HARP was created three years ago and didn't get as The original HARP was created three years ago and didn't get as many takers as the Obama administration forecast at the time. The new version of HARP is intended to attract more refinancers.

Not every mortgage borrower is eligible for HARP 2.0. Here is aflowchart to determine whether you might be eligible.

HARP

yes

Sorry, HARPrefinances areavailable only for available only for mortgages that are owned by Fannie Mae or Freddie Mac.

Sorry, HARP 2.0refinances areavailable only formortgages that mortgages that were sold to Fannie Mae or Freddie Mac on or before May 31, 2009.

Sorry, if you missed any mortgagepayments by more than 30 days in the last six months, you are not eligible for HARP. After you make enough payments on time, you can become eligible.

Sorry, if you paid 30 days late more than once in the past 12 months, you aren't eligible for a HARP refi. After you make enough payments on time, you can become eligible.

Sorry, the rules say you can refinance only once through HARP.

Find out whether Fannie Mae owns your loan by going to its loan look-up site at FannieMae.com/loanlookupor calling (800) 732-6643.For Freddie Mac, visit its loan For Freddie Mac, visit its loan look-up site at FreddieMac.com/mymortgage or call (800) 373-3343.

no

no

I don’t know

yes

yes

Did you get the mortgageon or after June 1, 2009?

Have you already refinanced through

HARP?

no

Have you been current on your mortgage payment for each of the past six months?

These aren't the only hoops you'll have to jump through to get a refinance under HARP 2.0, but you have passed five major eligibility tests. Good luck!

FINISH

Is your mortgage owned by Fannie Mae or Freddie Mac?

STARTHERE

Have you been late on amortgage payment more than once in the last 12

months?

yes

no

no

yes

JUNE

2.0