By Vicki Needham - 09/23/13 05:16 PM EDT
More than 2.8 million homeowners have refinanced through HARP so far.
To be eligible for a HARP refinance, homeowners must meet the following criteria:
• The loan must be owned or guaranteed by Fannie or Freddie.
• The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
• The current loan-to-value ratio must be greater than 80 percent.
• The borrower must be current on their mortgage payments with no late payments in the past six months and no more than one late payment in the last 12 months.