Fannie Mae HARP Loans

Use this Fannie Mae and Freddie Mac backed, low-cost refinancing program to refinance your home even if you owe more than you home is worth.

Your Loan Officer

Joe Freismuth

Loan Officer

113 Nature Walk Parkway
Suite 105
St. Augustine, Florida 32092

Phone: (904) 253-7949
Fax: (800) 918-2049

NMLS #: 195056

What are Fannie Mae HARP Loans?

In November 2012, Fannie Mae published new guidelines for its Home Affordable Refinance Programs (HARP). The HARP program is intended to help those borrowers who are underwater on their mortgage, but have continued to make their payments on time throughout the mortgage meltdown. With the new guidelines published in November, Fannie Mae has made the qualifying process much easier so more people can qualify who may have experienced a decline in their homes value.

The most significant change in the HARP guidelines, is the fact that no matter how far your home is underwater you still may qualify for the program. Prior to the changes, you could only borrow up to 125% of the home’s value. With the new guidelines, there is no limit on how much you can borrow in relation to the home’s value. The guidelines also relaxed the requirements for income qualifications.

To qualify, the loan must currently be a loan held by Fannie Mae or Freddie Mac. To see if your loan is currently held by Fannie Mae go to: http://www.fanniemae.com/loanlookup/. To see if your loan is held by Freddie Mac go to: https://ww3.freddiemac.com/corporate/.

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We Are CountryPlace Mortgage

CountryPlace Mortgage is the nation's premier lender for manufactured, modular, and mobile homes. We offer a one-time close construction loan for new homes. We make financing or refinancing your home simple and easy. If you own a manufactured or mobile home, or are thinking about purchasing a new or existing home, Countryplace Mortgage should be your lender of choice. We can finance your manufactured or mobile home whether it's tied to the land or in a mobile home park.

Founded in 1995, Countryplace Mortgage is a direct lender with both Fannie Mae and FHA. That means that we can offer you the most competitive rates, with down payments as low as 3.5%. When financing a manufactured, mobile, or modular home, it is important that you are working with a mortgage professional that understands these unique properties. Whether it's a chattel (home-only), land/home package, or construction loan we have the expertise to help you navigate today's challenging mortgage process. Many of our Loan Officers have several years experience originating manufactured and mobile home loans.