Mortgage Blog

Estero Harp Refinance

If you are one of the thousands of Estero Florida homeowners who currently owes more on their mortgage than their home is worth, there may be help available. Let’s face it, tumbling home values have made it nearly impossible to find a refinance loan that can help lower your mortgage rate. Fortunately, there is good news for Estero homeowner’s who currently have a Fannie Mae or Freddie Mac loan.


Even borrowers who owe more on their homes than the home appraises for, you may still qualify for a refinance. Borrowers must meet specific requirements in order to take advantage of these loans, but they are available under the HARP2, the Home Affordable Refinance Program. Here are the rules to qualify for an Estero refinance under HARP2:

  • Length of ownership: Your home loan must have been purchased by Freddie Mac or Fannie Mae before June 1, 2009. This means borrowers who refinanced or purchased a home before this date are typically eligible.
  • Payment history: Your current loan must show that you have made all payments on time for a minimum of six months although you are allowed one late payment in the previous 12 months.
  • Prior history with HARP: For an Estero HARP refinance that was done under the prior HARP program, the HARP2 is not avaialble. HARP2 is only for refinancing loans that were not eligible under the original HARP or borrowers who did not use the original HARP.


Many Florida refinance candidates will be eligible for the HARP2 program since they either did not take advantage of the original HARP or because their home has lost additional value. There is no minimum credit score to be eligible for the HARP2 program and borrowers who have a second mortgage on their home are eligible as well. If you are one of the thousands of homeowners who are interested in a Estero Florida refinance, contact Core Financial Mortgage today. We can help you find a lender who is working under the new HARP2 program and help you get your Estero harp refinance completed, regardless of how much you owe on your mortgage.

Call our office today, we will go over your refinance options at 239-514-2674.

You can also apply online

Disclaimer: This article is for informational purposes only. Rates, programs, guidelines are subject to change without notice. NMLS #1743702


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