Freddie Mac/HASP Refinance– Open Access helps borrowers refinance even if you are not currently servicing their mortgage. This offering is designed to assist borrowers who are making timely mortgage payments, but have been unable to refinance due to declining property values. A portion of this offering, mortgages with loan-to-value (LTV) ratios greater than 80 percent, represents our business implementation of the Home Affordable Refinance Program (HARP).
With no maximum Loan to Value ratios, relief from standard mortgage insurance, simplified appraisal requirements, and the ability to submit through Loan Prospector®, you can refinance more borrowers into mortgages that better position them for long-term home ownership success.
The mortgage being refinanced must:
Call for more details (801) 403-8887. In some cases no appraisal is required.