This isn't an endorsement of any sort.
The Federal Housing Finance Agency (FHFA) announced plans this week to expand eligibility for the Home Affordable Refinance Program (HARP). HARP is a federal program established to help homeowners refinance their mortgages if they are current on their payments but are having difficulties obtaining a traditional refinance because the value of their home has declined.
The just-announced expansion is expected to open the program to more borrowers and is anticipated to be launched December 1. As a leader in HARP refinances since the program began in 2009, Bank of America is preparing to offer the expanded program to customers at that time.
Borrowers interested in refinancing under current guidelines should contact their mortgage loan officer or call a Bank of America Home Loans sales representative at 1.800.687.6262 to determine their qualifications for existing programs. You can learn more about HARP by visiting the Making Home Affordable website.
Homeowners with a Bank of America mortgage who are currently experiencing a financial hardship and are struggling to make their mortgage payments should contact Bank of America Home Loans immediately at 1.800.846.2222.
At Bank of America, we have a proud record of supporting efforts to resolve the housing crisis. We are the leading lender for the HARP program and have helped more than 250,000 customers refinance with HARP loans since the program’s inception.
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