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HARP Extension & High LTV Refinance Program

New Penn Financial is pleased to announce we will continue to support the HARP program through the extension period.

New Penn Financial is pleased to announce we will continue to support the HARP program through the extension period.

HARP Extension

On August 17, 2017, FHFA in conjunction with Fannie Mae and Freddie Mac announced the extension of the Home Affordable Refinance Program “HARP”.   The program will be extended until December 31, 2018.  To be eligible, loan applications must be completed through December 31, 2018.  In addition, closed HARP loans must be delivered to Fannie or Freddie by September 30, 2019.

High LTV Refinance Program

In addition to the extension of HARP, FHFA, Fannie Mae and Freddie Mac announced additional details regarding their High LTV Refinance Program that will ultimately replace HARP.  New Penn Financial will work to support the new programs that Fannie Mae and Freddie Mac are due to launch with applications received in late 2018.  We will provide further updates closer to the official launch in the fall of 2018, but you may reference the following links that provide a high-level overview regarding the programs: