Since its 2009 inception, the Home Affordable Refinance Program (HARP) has helped more than 3.3 million U.S. households to refinance. The program could help hundreds of thousands more households, too – if only more homeowners would apply. … The typical refinancing households save more than 30% annually on their payments.

Is the HARP replacement program legit?

Homeowners with FHA, VA, and USDA loans should look into Streamline refinancing options, including the VA IRRRL for VA mortgages. Is the HARP replacement program legitimate? Yes, HARP replacement programs FMERR and HIRO are run by legitimate mortgage agencies regulated by the Federal Housing Finance Agency.

Does HARP really save you money?

HARP loans are well-known for saving homeowners a significant amount of money in monthly payments. With an average of almost 200 dollars per month saved, home buyers who take advantage of HARP loans can reduce their monthly financial expenditures significantly.