Tim Bradford 216-324-8113

Log In  |  Contact Us  |  Help
Ohio HARP Mortgage

To find out if your loan is backed by Fannie Mae or Freddie Mac click on the links below or

and request a Free Consultation if your loan qualifies for HARP Financing


What is HARP?

HARP is a government program originally rolled out in 2009 to specifically help homeowners who are “underwater” on their homes and owe more than the homes are worth. The program has recently been enhanced to allow more eligible homeowners to qualify for home refinancing in order to:

  • Reduce their monthly mortgage payments
  • Reduce the interest rate on their mortgage loan
  • Move into a more stable loan product (e.g., move from an adjustable rate to a fixed rate)

The key component of the program is the increase in loan-to-value (LTV) ratio cap, which allows borrowers who are underwater on their mortgage (owe more than their home is worth) to apply for a 30-year fixed rate loan and take advantage of the current low interest rates.

Who Qualifies?

Eligibility criteria vary somewhat depending on the loan you wish to qualify for, but the basic requirements are as follows:

  • You must have a mortgage owned or guaranteed by Fannie Mae or Freddie Mac*
  • Your loan must have been sold to those agencies on or before May 31, 2009
  • The current loan-to-value ratio on your mortgage must be greater than 80%
  • Borrowers cannot have missed any mortgage payments in the past 6months and cannot have had more than 1 missed payment in the past 12 months

How Can You Benefit from HARP?

Stonegate Mortgage is approved to offer HARP refinance loans to qualified borrowers whose loans are owned by Fannie Mae (check www.fanniemae.com/loanlookup/ to see if your loan is listed). To determine if you qualify for HARP and your potential savings, just complete the brief form to the right and a licensed Mortgage Advisor will contact you to determine your eligibility for HARP refinancing. There is no cost to apply, and you are under no obligation. If you meet the eligibility criteria, your Mortgage Advisor will discuss your loan and payment options with you.

Government Required Disclosures:

*Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP.  You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:

www.freddiemac.com/mymortgage or www.fanniemae.com/loanlookup/  

Timothy Bradford, Loan Officer
American Midwest Mortgage Corporation
6363 York Road, Suite 300, Parma Heights, OH  44130
Direct:  (216) 324-8113
Cell:  (216) 324-8113
Office:  (440) 884-5000 Ext. 269
Fax:  (440) 884-5034
Copyright © 2018 American Midwest Mortgage Corporation
Privacy Policy  | Security Statement  |  Site Map