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17 Nov
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10 HARP Eligibility Facts as of November 11, 2011

1. Your loan must have been backed by Fannie Mae or Freddie Mac prior to June 1, 2009.
2. You must have made mortgage payments on time. for the last 6 months, and at least 11 on time in the last year.
3. There is no loan-to-value restriction for fixed rate 30-year loans.
(HARP ARM loans are limited to 105% loan-to-value.)
4. The current loan-to-value (LTV) ratio MUST be greater than 80%.
5. No appraisal is required for the HARP.
6. Your HARP loan can include closing costs.
7. Your income will not be verified by the HARP refinance program unless your new principal + interest payment increases by more than 20 percent.
8. You do not have to refinance through your current lender to apply for HARP.
9. You cannot consolidate mortgages through HARP.
10. If your mortgage has LPMI (Lender-Paid Mortgage Insurance) you are HARP-ineligible.

November 2011 : The Complete HARP II Eligibility Requirements