Tempe Schools Credit Union
    HARP 2.0 Mortgage Program

      The following criteria must be met to qualify for the
      Home Affordable Refinance Program (HARP 2.0):

• You must live in the home being refinanced (Some exceptions may apply).
• A HARP 2.0 refinance only applies to Fannie Mae or Freddie Mac mortgages.
• The homeowner must be able to afford the new lower payment.
• The current mortgage must be up to date with no late payments in the past twelve months.
• Payments on the new loan must be more affordable or more stable than on the existing loan.
• The maximum Loan to Value (LTV) cap has been increased on home owners looking to refinance into a fixed rate mortgage.
• However, for homeowners looking to refinance into an adjustable rate mortgage the maximum LTV is 105%.
• Current mortgage must not have mortgage insurance
• Maximum Loan to Value (LTV) for Condos and High Balance loans
• Current mortgage must have been closed prior to May 31, 2009