HARP Refinance Program

HARP Refinance Program

Lower Your Mortgage
Call (866) 549-3583 (866) 549-3583 or
Get Your Rate Quote Today

The federal government's Home Affordable Refinance Program (HARP) was rolled out in 2009 to assist homeowners who currently owe more than their homes are worth. Recently, the program criteria has been expanded to include even more eligible homeowners.

According to the Federal Housing Finance Agency, over 3.2 million homeowners have refinanced under the government's Home Affordable Refinance Program (HARP). You may be eligible to refinance, even if you're "underwater" or have tried unsuccessfully to refinance before with your current lender.

PennyMac is approved to offer HARP refinance loans to qualified borrowers. Under the government HARP program, PennyMac can loan up to 200% of the value of your home. In most cases, we don’t require an appraisal of your home. Give us the opportunity to close your loan in 30 days.


  • Reduce your monthly mortgage payments.*
  • Reduce the interest rate on your home loan.
  • Move from an adjustable to a fixed rate loan.


  • The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
  • The note date on the mortgage must be 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 borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.

Check if Freddie or Fannie Owns Your Loan

Call PennyMac today. The HARP refinance program has been extended to December 31, 2016.

Making Home Affordable is a trademark of the United States Department of the Treasury.

* By refinancing your existing loan, your total finance charges may be higher over the life of the loan.