• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Danny Murphy & Associates

Homes for Sale in Orange County, CA

Find Danny Murphy & Associates:

  • Facebook
  • TikTok
  • YouTube
  • LinkedIn
  • Pinterest

Homes seen on this website may be for sale, in escrow, or sold. Please contact us today to learn about our most recent inventory, including homes not yet on the market.

  • Homes for Sale in Orange County, CA
  • Reviews of Danny Murphy & Associates
    • Facebook Reviews
    • Google Reviews
    • Zillow Reviews
  • What’s Your Home Worth?
  • Contact Danny
  • About
You are here: Home / Danny Murphy and Associates / What Is HARP 3.0?

What Is HARP 3.0?

December 27, 2012

The third edition of the Home Affordable Refinance Program (HARP) is rumored to be just around the corner. The most recent program is called HARP 3.0 and dubbed #MyRefi by the government. A lot of questions and speculations surround the new would-be government program, but the most popular question is, “What is HARP 3.0?”

What is HARP

Image courtesy usnews.com

HARP is a government-backed program that helps homeowners refinance their current homes by waiving some (or all) loan-to-value, proof of income or asset, credit score, and/or home appraisal requirements. Requirements have changed throughout the several years that HARP has been around, but the bottom line is that HARP is meant to help homeowners who are in good standing with their home loans. Many “good homeowners” who are current on their mortgage payments are seeing their neighbors default on and break contracts for their underwater home loans, allowing them to bail out of a sticky loan situation. HARP aims to provide some financial relief for those who are “stuck” in a home that’s not worth near the value that is owed on it, without the homeowner defaulting on their loan for financial relief.

While the previous program, HARP 2.0, focused on homeowners whose loans were backed by Fannie Mae or Freddie Mac, HARP 3.0 might target homeowners who have loans backed by other financial companies. HARP 3.0 could also help homeowners with jumbo mortgages, or mortgages that are generated for more than $625,500 and not initially able to be backed by Fannie Mae or Freddie Mac. Homeowners that are currently in a mortgage for above this amount but own a home that holds a lower value because of the current market would be eligible for some relief with HARP 3.0.

Though HARP 3.0 isn’t on the books yet, it is expected to be coming soon. To keep up with the latest on HARP 3.0, we’ll be keeping an eye on these great reporting websites and urge you to do the same:

  • The Home Front Blog by US News
  • Bankrate.com Refinance Website
  • Inman Consumer News

Please don’t hesitate to contact us with any questions you have about HARP. We are always happy to help you with any home or mortgage concerns. 

Filed Under: Danny Murphy and Associates, Real Estate Tips Tagged With: Real Estate Definitions

Primary Sidebar

Danny Murphy & Associates

With more than 15 years of Southern California Real Estate experience, Danny is an expert in his field.

Looking to sell your home? Call Danny today to see how our industry leading marketing and exceptional negotiating skills can help you get more for your more.
(949) 413-6967
Danny@TheSoCalLife.com

dannyandassociates

Surfer 🏄 #HuntingtonBeach Local 🌊 #OrangeCounty Realtor | #FirstTeamRealEstate 🏡 Let me help you find your dream home! #hb #CostaMesa #NewportBeach

Basement homes don't come up too often here in OC, Basement homes don't come up too often here in OC, but we can find them when they do!

If you're looking for a home with an extra living space, DM us and we'll start the search!

#livinginorangecountycalifornia #orangecountyhomes #ocrealestate #orangecountyrealtor #ochomes #orangecounty #orangecountyhomesforsale #liveintheoc #ochomesforsale #ocrealtor #ocliving #orangecountyhousingmarket #oclifestyle #orangecountylistings  #realtor  #ochomebuyers #oc #surfcityca #huntingtonbeach #orangecounty  #california #surfcityusa #surfcity #socal #hb #beachlife #beach #hblife #huntingtonbeachbusiness #hbrealtor
SOLD!! 219 Chaumont Circle, Foothill Ranch #orang SOLD!!
219 Chaumont Circle, Foothill Ranch

#orangecountyproperties  #ochomebuying #ochousehunting #homesforsale #ochousingmarket #socalhomes #socalrealestate #orangecountycalifornia #orangecountyrealestate #orangecountyhomes #ocrealestate #ochomes #orangecounty #orangecountyhomesforsale #ochomesforsale #orangecountylistings  #ochomebuyers #oc
The real estate biz never stops, not during vacati The real estate biz never stops, not during vacation and definitely not on weekends and evenings. Check out this funny video depicting a Day in the Life of Danny Murphy

#realestateinvesting #realestategoals #realestateexpert #realtorlife #realestateinvestor #realestateexperts #realestatenews #realestatemarket #househunting #homebuying #realestateforsale #realestateagents #homeownership #realestatebroker #realestatemarketing #realestatesales #realestateagency #firsttimehomebuyer #realestateinvestment #realtorsofinstagram #realestateprofessional #realestateblog
Jazz anyone?!?!? Jazz anyone?!?!?
Buying and selling real estate is a big deal. It's Buying and selling real estate is a big deal. It's a big commitment. Watch Danny's video to learn more about the buying process and why 98% of buyers have a buyer's agent! There is usually large sums of money involved in the process. Sometimes it can be quite emotional, stressful and confusing. There are lots of contracts, forms and addenda to complete or/or review. Many decisions to be made about what to buy and where. Am I paying a reasonable price, and getting reasonable terms besides just the price. How do I make a strong and competitive offer without overpaying? How is my earnest money deposit protected? Maybe you have unique financing needs or just want a second opinion from a reputable lender? What inspections should we do and why? Based upon inspection results, do we ask for repairs or a credit, maybe a price reduction or a combination of some or all? What if during escrow there is an issue with title, or you are having a hard time obtaining homeowner's insurance (as that is a BIG challenge these days), who do you go to? Now it's finally time to move! Maybe you need a good moving company, or you want to do some repairs and improvements after you move in. Who has a good roofer, electrician, plumber, general contractor, painter, flooring and window person, etc? You get the point.....there are a LOT of things to consider, account for and do when buying a home and that is where an experienced and highly skilled real estate agent comes in and helps you through the process. Please reach out to us anytime for all of your real estate questions and needs. We're here to help!

#realestatetips #realestate #realestateagent #realtor #realestatelife #realestateadvice #realestateexpert #realtorlife #realestateexperts #realestatemarket #househunting #realestateagents  #realestatebroker #realestatemarketing #realestatesales #realestateagency #realtorsofinstagram #realestateprofessional #homeseller #seller
Is your little one's artwork taking over the fridg Is your little one's artwork taking over the fridge (and everywhere else!)? Maybe it's time to find a home that grows with your family! 

Southern California has amazing options for families who need room to spread out. I can help you find your dream home in a family-friendly neighborhood!

#orangecountyproperties  #ochomebuying #ochousehunting #luxuryrealestate #isellhomesoc #ochomeseach #dreamhome #homesforsale #realestateagent #ochousingmarket #socalhomes #socalrealestate #movingtoorangecounty #orangecountycalifornia #orangecountyhousingmarket #orangecountyrealestate #livinginorangecounty #livinginorangecountycalifornia #orangecountyhomes #ocrealestate #orangecountyrealtor #ochomes #orangecounty #orangecountyhomesforsale #liveintheoc #ochomesforsale #ocrealtor #ocliving
Perhaps you have heard, but if you haven't, there Perhaps you have heard, but if you haven't, there have been some big changes in how real estate agents MUST conduct their business with all clients and potential clients. Watch Danny's video to learn about the mandatory forms that consumers will be asked to sign before seeing properties for sale or making offers. Please reach out to us anytime for all of your real estate questions and needs. We're here to help! 

#realestatetips #realestate #realestateagent #realtor #realestatelife #realestateadvice #realestateinvesting #realestategoals #realestateexpert #realtorlife #realestateinvestor #realestateexperts #realestatenews #realestatemarket #househunting #homebuying #realestateforsale #realestateagents #homeownership #realestatebroker #realestatemarketing #realestatesales #realestateagency #firsttimehomebuyer #realestateinvestment #realtorsofinstagram #realestateprofessional #realestateblog
Any guesses where we’re at? Any guesses where we’re at?
Follow on Instagram
 

Homes for Sale in Orange County:

Aliso Viejo
Anaheim
Costa Mesa
Fountain Valley
Huntington Beach
Irvine
Laguna Niguel
Lake Forest
Mission Viejo
Newport Beach
Orange
Orange County
Tustin
Villa Park
This information is based on information from the Association of Realtors/Multiple Listing as of the date the AOR/MLS data
was obtained and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.


Copyright © 2025 · Danny Murphy & Associates
 

Loading Comments...