HARP goes by several names. The government calls it HARP,HARP 2, HARP 2.0 as in Home Affordable Refinance Program.

In order to be eligible for the HARP refinance program borrowers must meet the following criteria:

• The program is also known as the Making Home Affordable plan, the Obama Refi plan, DU Refi+, and Relief Refinance.
• The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
• The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
• The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
• The current loan-to-value (LTV) ratio must be greater than 80%.
• The borrower must be current on the mortgage at the time of the refinance, with no late payment in the past six months and no more than one late payment in the past 12 months.

If you meet these two criteria, you may be HARP-eligible. If your mortgage is an FHA, USDA or a jumbo mortgage, you are not HARP-eligible however Underwater FHA mortgages can be refinanced via the FHA Streamline Refinance program and underwater VA mortgages can be refinanced via the VA IRRRL mortgage program (VA Streamline Refinance).

To see if you qualify for the HARP 2.0 visit these web sites:

Fannie Mae:
https://www.knowyouroptions.com/loanlookup

Freddie Mac:
https://ww3.freddiemac.com/corporate