• Home Affordable Refinance Program

    This is available to homeowners who have a solid payment history on existing mortgage owned by Fannie Mae or Freddie Mac. Normally, borrowers would be unable to refinance if their homes have lost value and their current loan-to-value (LTV) ratio was above 80%. Under the Home Affordable Refinance program, many will now be eligible to refinance their loans to take advantage of today's lower mortgage rates or to refinance an adjustable-rate mortgage into a more stable mortgage, such as a 30-year fixed rate loan.
  • Home Affordable Modification Program

    This option will help at-risk homeowners and those already in foreclosure by reducing monthly mortgage payments to as low as two percent.