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Home Affordable Refinance Program

In 2009, Fannie Mae introduced the first Home Affordable Refinance Program (HARP) to help borrowers who were unable to refinance their mortgage due to a high loan-to-value (LTV).  In December, 2011 the program was amended to widen the offering to borrowers with higher LTVs, even those who are "underwater" (owe more than their home is currently worth).  Borrowers and lenders participate in HARP voluntarily.  Not all lenders offer HARP loans, and the parameters may be customized by each participating lender.  Because of this, borrowers are not limited to their current lender when considering a HARP loan.

Third Federal is offering the Fannie Mae HARP program to our existing borrowers who meet both Third Federal and Fannie Mae requirements.  Fannie Mae requirements include the date the loan was sold, income and payment history. Third Federal has additional requirements related to credit, property and occupancy.  Additionally, at this time, customers will mortgage insurance are not eligible for the Third Federal HARP program. Please contact our Customer Service Department at 1-800-THIRD FED and when we are able to process mortgages with mortgage insurance (MI), we will contact you.

Is Third Federal's Home Affordable Refinance Program (HARP) right for you? 

Follow These Guidelines

The HARP program through Third Federal is only open to current customers in markets where we have a branch.

Your loan must have been sold to Fannie Mae before June 1, 2009 to be eligible for this program.

Check Fannie Mae Loan Lookup(Opens in a new window)

Only primary residences qualify for the HARP program at Third Federal.  Investment properties or second homes do not qualify.

Jumbo loans are not eligible for the HARP program at Third Federal.

HARP guidelines state that those eligible for the program must be current on their mortgage payments.

HARP guidelines state that those eligible for the program must have no more than one delinquency in the last 12 months.

If you answered yes to the above questions, a HARP refinance through Third Federal may be an option for you.  Please contact a branch, or our Customer Service Department at 1-800 THIRD FED to apply.

Frequently asked questions are listed here.Click to see FAQs