Georgians can now breathe a sigh of relief! The Georgia HARP 2 Loan program arrived in March 2012 and is here until the Jan 1 2014. Eligible underwater homeowners can now save each month on their loan! What does it mean to be underwater on your home? Well, it simply means you owe more on your mortgage than your home is actually worth. With the first HARP program, a homeowner could only take advantage if he or she was underwater by at most, 125%. Now, with HARP 2, homeowners can have an unlimited LTV. This is very exciting for homeowners as they can now refinance their home even if they are underwater by, for example, 250%!
Some of the major requirements for HARP 2 are the following:
- Loan must be backed by one of the two financial institutions: Fannie Mae or Freddie Mac
- You must have bought your home on or before June 1 2009
- You must be current on your payments for the last 6 months.
Click here to see Georgia HARP Loan Eligibility
The Home Affordable Refinance Program is a government program that is helping millions of underwater homeowners nationwide. If you have questions on the HARP program, you can refer to our HARP 2 Frequently Asked Questions page.
Also in some cases if you don’t have the income to qualify for a HARP Loan, you may be able to qualify with just your income.
To see if you qualify, click below!
Here are just some of the areas in Georgia that we service:
Acworth | Albany | Alpharetta HARP Loan | Americus | Athens | Atlanta HARP Loan | Augusta | Belvedere Park | Brunswick | Calhoun | Candler-McAfee | Canton | Carrollton | Cartersville | College Park | Columbus | Conyers | Dalton | Decatur | Douglasville | Dublin | Duluth | Dunwoody | East Point | Evans | Fayetteville | Forest Park | Gainesville | Griffin | Hinesville | Johns Creek | Kennesaw | Kingsland | La Grange | Lawrenceville | Lithia Springs | Mableton | Macon | Marietta | Martinez | McDonough | Milledgeville | Milton | Moultrie | Newnan | North Atlanta | North Decatur | North Druid Hills | Peachtree City | Pooler | Redan | Riverdale | Rome | Roswell | Sandy Springs | Savannah | Smyrna | Snellville | St. Marys | Statesboro | Stockbridge | Sugar Hill | Suwanee | Thomasville | Tifton | Tucker | Union | Valdosta | Warner Robins | Wilmington Island | Woodstock
Tidbit: Check out Georgia Top Consumer Myths posted on the Georgia.gov website.