Chicago HARP Loans

St Louis HARP Loans
October 29, 2014
Indianapolis HARP Loans
October 29, 2014

The Home Affordable Refinance Program, commonly called HARP, is a source of a great deal of our Chicago home mortgage loans. HARP lets us refinance the homes of borrowers across the city, helping them throughout the entire loan process, whether they want to cut their payments, eliminate years from their mortgage, or just lock themselves into a fixed rate. HARP is a federal mortgage loan program that lets homeowners that financed with Freddie Mac and Fannie Mae to get a more affordable home loan with a better rate through HARP. Using a HARP loan to re-fi in Chicagoland is easy, with The Home Loan Expert’s systems that are the most streamlined in the industry.

The HARP Loan program started in March of 2009, when the Federal Housing Finance Agency, in order to assist homeowners that are underwater on their mortgage loan, or behind on their loan payments, borrowers that were having foreclosure issues and were unable to work around their loanswith the dropping values of homes, caused by the 2007 market correction. Those borrowers who had been current on their loans weren’t too happy, though, because they were making on-time payments on their homes, despite the higher rates and market issues. Then HARP 2.0 was initiated, allowing those homeowners who weren’t underwater on their loans to re-fi at better rates, in December, 2011. The HARP re-fi requirements changed, giving those homeowners who owed more than 125% the chance to refinance, without needing to obtain Private Mortgage Insurance. HARP also guaranteed that the mortgage lender was now not to be held for fraud on the original loan, which caused more lenders to sign up to lend through HARP. More often than not, The Home Loan Expert closes Chicagoland HARP loans without even needing an appraisal.

Whether you’re looking to purchase a new home or refinance one in Chicago, Aurora, Elgin, Joliet, Naperville, Arlington Heights, Berwyn, Bolingbrook, Cicero, Des Plaines, Evanston, Gary, Indiana, Hammond, Indiana, Hoffman Estates, Mount Prospect, Oak Lawn, Oak Park, Orland Park, Palatine, Schaumburg, Skokie, Tinley Park, Waukegan, Wheaton or anywhere in the Chicagoland area, give us a call or apply online at

Ryan Kelley
The Home Loan Expert
1913 W. Diversey Ave
Chicago, IL 60614
Phone: 773-770-4727