• 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

Check out this kitchen island 😍 . . . . . . #re Check out this kitchen island 😍
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner #kitchendesign #kitchen
Lovin’ this family room style! 🙌🏻 . . . . Lovin’ this family room style! 🙌🏻
.
.
.
.
.
.
#reels #instagram #reelsinstagram #fyp #viral #foryoupage #trending #luxury #interiordesign #interior #art #interiordesigner
Check out this video by Danny Murphy & Associates Check out this video by Danny Murphy &  Associates to learn the 3 REASONS WHY HOMES DO NOT SELL even in today’s strong market. Please contact Danny if you have questions or want to learn more about the industry leading marketing and advertising that Danny Murphy &  Associates provides to get their Sellers TOP DOLLAR for their homes in the SHORTEST PERIOD OF TIME!

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Are you looking to get a little closer to the beac Are you looking to get a little closer to the beach? This awesome view property isn't on the market anymore, but we'd love to get you in to a place with a view that's just as spectacular! 

949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #views
The house with this gorgeous bathroom didn't last The house with this gorgeous bathroom didn't last long on the market. If you're searching for your dream home, we'd love to help you find it!
949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
What kind of amenities do you look for in a commun What kind of amenities do you look for in a community? 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
COMING SOON! This popular model in the Huntington COMING SOON!
This popular model in the Huntington View tract near Newland Elementary is a must-see! It features 4 beds / 3 baths, as well as a private backyard. Don't miss out on this great opportunity! 

danny@thesocallife.com // 949-413-6967

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate #huntingtonbeach #hb #orangecounty #oc #ochomes #southerncalifornia #socal #socalhomes #surfcity #surfcityusa #beachlife #beachliving
Recently Danny was the featured guest on a nationw Recently Danny was the featured guest on a nationwide podcast that aired on ABC and YouTube. 

Watch the video to get an in depth read on the So Cal real estate market. 

People are asking:
-Are real estate VALUES are going to CRASH?
-Why is INVENTORY so LOW?
-Where are mortgage rates headed? 

The POWER of LEVERAGE! Rents keep INCREASING! The 6D's that drive the real estate market, and many other interesting topics!

Grab the link to the video in my story or profile 
https://youtu.be/NNQXAR0RbJo

#togetherwearefirstteam #togetherwemakeadifference #firstteamsurfcity #forsale #ocforsale #caforsale #realtor #realestate
Load More 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 © 2023 · Danny Murphy & Associates
 

Loading Comments...