HARP Loans

FHA, 15-year fixed, 10% equity on approved credit

If you owe more than your home is worth, you can obtain refinancing under favorable terms and save money using a HARP loan.

The Home Affordable Refinance Program (HARP) is a government-backed program that allows homeowners who meet certain qualifications to refinance at low rates.

This loan program was introduced in 2009 to help borrowers refinance if they owed more than the current value of their house. Due to enhancements in the program’s guidelines, Golden Oak can now offer HARP loans to an even larger variety of borrowers.

You can apply for a HARP Loan if:

  • You are current on your mortgage payments, have missed no mortgage payments within six months, and have no more than one missed payment in the past 12 months.
  • Your mortgage loan is owned or guaranteed by either Freddie Mac or Fannie Mae, and you don’t have a USDA, VA, or FHA loan.
  • Your mortgage was started on or before May 31, 2009.
  • Your current loan-to-value ratio is more than 80%. For instance, if you borrowed $100,000 and used that money to buy a home that is $120,000, your LTV ratio is 83%.

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Denver HARP Loan Benefits

Golden Oak Lending’s HARP loan benefits include:
  • Low cost. HARP loans carry lower closing costs than most other loans, and you can subordinate your second mortgage loan.
  • Flexible requirements. The guidelines are accommodating, no home equity or mortgage insurance is required, and you can build equity in your home more quickly by shortening your loan term.
  • Fast approval process. The loan process is streamlined, with reduced documentation and no approval required, so you’ll be able to start saving money right away from the low refinancing rates offered by Golden Oak Lending.

Refinance at Low Rates

As a HARP lender, Golden Oak Lending Denver can help you refinance into a short-term loan, such as 15 or 10 years, saving you thousands over the life of your loan. Our hassle-free mortgage process is not only fast, but our staff is experienced, and we offer the lowest rates in the Denver area for our loan products. Call or contact us today.

Interest rates are at an all-time low, and the time to call is now!

Contact us today and see how our rates can save you money!