Skip to main content

FHFA Insights
FHFA Kicks Off #HARPNow Social Media Campaign - HARP Expires in December

Published:
02/17/2016

​​​​The Federal Housing Finance Agency (FHFA) is kicking off a new social media campaign, #HARPNow, to let more than 367,600 homeowners across the U.S. know that now is the time to take advantage of the Home Affordable Refinance Program®, or HARP®, before it expires on December 31, 2016.

Beginning today, FHFA will use Twitter, LinkedIn​ and YouTube​, to reach homeowners in the Top 10 states with the greatest concentration of borrowers who are eligible for HARP and stand to save money by refinancing through the program: 

  1.  Florida – 51,100
  2. Illinois – 32,169​​
  3. Michigan ​– 28,825
  4. Ohio – 27,299
  5. Geo​rgia – 23,658
  1. California – 16,733
  2. Pennsylvania – 15,290
  3. New Jersey – 13,798
  4. New York – 12,234
  5. Maryland – 11,879

While more than 3.3 million U.S. homeowners have already refinanced their homes through HARP, FHFA estimates that 367,695 additional borrowers in the U.S. could save as much as $200 per month, or $2,400 per year, with a HARP refinance. ​[1] ​This is real savings to families.  

HARP was created by FHFA and the U.S. Department of the Treasury during the financial crisis to help homeowners with little to no equity refinance into a more stable and affordable mortgage.  HARP was designed for borrowers who have remained current on their mortgage payments.

As part of our HARP outreach efforts, FHFA has teamed up with the Treasury Department, Fannie Mae, Freddie Mac and local housing experts for town hall-style events in Chicago, Miami, Detroit, Phoenix, Atlanta, Newark and Columbus.  Throughout 2016, FHFA will continue to get the word out about HARP and will hold webinars for states with the highest numbers of remaining HARP-eligible borrowers.  The webinars are designed to educate trusted local sources about HARP and encourage eligible homeowners to take advantage of the real savings available to them through a HARP refinance.

We are asking for your help to get the word out about HARP.  You can retweet and favorite our Twitter posts and share our LinkedIn posts and YouTube videos.  You can also get more information about how to apply for HARP on our website, www.HARP.gov, or view our updated, interactive map of HARP-eligible borrowers by state, metropolitan statistical area, county and zip code.  Follow @FHFA on Twitter, LinkedIn and YouTube and help us get the information to those who could #HARPNow and save on their mortgage.

More information at http://www.harp.gov/HARPNow
[​1]​ Data as of September 2015.  Source: HARP.gov

Tagged: Home Affordable Refinance Program (HARP)

Image

By: Megan Moore

Special Advisor to FHFA Director