HARP 3.O Government Assistance Program

HARP 3 Candidates

Harp 3 is Soon Arriving....

Here are a few "borrower types" that HARP 3.0 is expected to target :

• A self-employed person who used stated income loan for the original mortgage, and can verify their current income via federal tax returns
• A "prime" borrower who used a sub-prime mortgage because mortgage rates were lower and/or fees were less as compared to a conforming one
• A jumbo mortgage homeowner who lives in a "high-cost area" whose original mortgage was for between $417,000 and $625,500
• A wage earner who used a stated income and/or stated asset mortgage for convenience
• Sub-prime borrower who has paid mortgage as agreed and can verify income and assets
• An Alt-A borrower whose FICOs were low at date of origination, but have since improved

There are literally millions of U.S. homeowners who would meet HARP 3.0 eligibility standards, opening today's low mortgage rates to all of them.