Many refinance programs require a significant amount of home equity. But with changes to the government’s Home Affordable Refinance Program (HARP), you may be able to refinance with a HARP loan even if you owe more than your home is worth.
You may be eligible for the program if:
- You are current on your mortgage payments.
- You haven’t already refinanced the same property under the Home Affordable Refinance Program.
- Your current mortgage is owned or guaranteed by Fannie Mae or Freddie Mac, and was originated before June 2009.
Is your current loan from Wells Fargo Home Mortgage?
As an existing customer, you may also be eligible for our streamlined refinance process.
- Close in less time than it takes for a traditional refinance.
- Enjoy reduced paperwork and documentation.
- Pay no application or appraisal fees.
To check your eligibility for conventional and government programs such as HARP, contact a home mortgage consultant.
Learn more about your options with a refinance analysis. Get Started
If you are a servicemember on active duty, prior to seeking a refinance of your existing mortgage loan, please consult with your legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law.
The interest on any portion of credit greater than the fair market value of your property is not tax deductible for Federal income tax purposes. You should consult your tax advisor regarding the tax deductibility of interest and charges.
In certain circumstances, you may be required to provide documentation. Please ask a Wells Fargo Home Mortgage consultant for details. Depending on their specifics, programs that do not require customary information and documentation may result in higher interest rates and Annual Percentage Rates than a traditional mortgage program.
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Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.