Does RCU participate in the HARP 2 refinancing program, and what are the qualifications?

We do participate in HARP 2. To qualify for HARP 2, the loan must be financed with Fannie Mae or Freddie Mac on or before May 31, 2009. The loan-to-value ratio must be greater than 80% and have a good payment history for the past twelve months.

A loan application and underwriting process are required, and refinance fees will apply. Rates are the same as for a traditional refinance. Current rates may be found on our our web site, on our Mortgage Loan Page: https://www.redwoodcu.org/loans/home/mortgage/

When you click on First Mortgage Rates, you are taken to the Loan Consultant. The Loan Consultant requires answering a few simple questions to get all the loan types and rates specific to your situation. You may apply online. Just click Apply for a home loan to get your application started. You are also welcome to apply at any branch. If you prefer, you may also apply over the phone by calling us at 1 (800) 609-9009.

For your convenience, here are direct links to Fannie Mae and Freddie Mac:

• Fannie Mae: http://www.fanniemae.com/loanlookup/
• Freddie Mac: https://www.freddiemac.com/

if you have further questions, please call us at 1 (800) 609-9009 and we will be glad to assist you.