Government HAMP and HARP Programs – Arizona Loan Modification and Refinancing Foreclosure Options

In March 2009, President Obama launched a huge initiative called Making Home Affordable. The Making Home Affordable program consists of the Home Affordable Refinance Program and the Home Affordable Modification Program.

These programs are designed to help the millions of strapped homeowners who have faced, are facing, and will face financial hardships retain homeownership rather than lose their homes to foreclosure.

Phoenix Arizona has been hit particularly hard with delinquent mortgages because, among other reasons, many homeowners have lost their jobs due to the economic downturn. If you live in the Phoenix Metro Area speak to one of our specially trained real estate agents about your options to save your home from foreclosure.
Stop Foreclosure on Your Phoenix Arizona Home
Below is a brief summary of each government program to help homeowners avoid foreclosure.

Home Affordable Refinancing (HARP Program)

  • This program is intended for those homeowners who want to refinance their mortgage but cannot because their home’s value has decreased enough to prevent them from qualifying for normal Fannie Mae and Freddie Mac conventional lending loan to value guidelines.

Home Affordable Modification (HAMP Program)

The HAMP program is designed to assist homeowners who are more than 30 days late on their mortgage get help from their mortgage companies in a more streamlined and efficient manner. The HAMP program provides financial incentives for the mortgage company and the homeowner to successfully complete a loan modification program.

Complete our free consultation form on the left to get started with exploring your HAMP and HARP program options.