Helping to Preserve Homeownership


Regions Home Affordable Refinance Program (HARP)

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. Regions Mortgage participates in the HARP program today and is pleased to offer this enhanced program which is intended to help eligible homeowners refinance regardless of a declining home value and help preserve homeownership

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If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae and was sold to either Freddie Mac or Fannie Mae on or before May 31, 2009, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:

The HARP program is available to eligible customers until December 31, 2013. Your existing loan does not have to be with Regions Mortgage for us to help.  Give us a call today to learn more about utilizing the HARP Program to preserve your homeownership and to take advantage of historically low interest rates.

Regions Home Affordable Refinance Program:

  • Loan can be serviced by Regions or another lender
  • Unlimited Maximum LTVs
  • Must be current on existing loan with no late payments in the last six months and no more than one late payment within the past seven to twelve months
  • Pricing benefits may be available for loans meeting certain HARP requirements
  • Flexible appraisal requirements
  • If your existing loan does not have Mortgage Insurance, you will not be required to add Mortgage Insurance to your HARP Refinance, even if your new LTV is greater than 80%
  • If your existing loan has Mortgage Insurance, your Mortgage Insurance payment will remain the same and will not increase
  • Regions Mortgage has established HARP Operations Centers to with specially trained staff to handle these loans
  • Customers must benefit from the refinance in the form of a more stable loan program, reduction in interest rate, or reduction in amortization term.