HARP 2.0 (Home Affordable Refinance Program)

A refinance program designed to help homeowners 

Nearly a million people have refinanced under the Home Affordable Refinance Program since it was established in 2009. HARP is a federal program designed to help homeowners who generally wouldn’t qualify for a traditional refinance because their mortgage balance is higher than their home value.

Recent changes to HARP qualification guidelines, such as higher loan-to-value ratio, have made the program available to an even greater number of people. Now is the best time to refinance with HARP and BBVA Compass.

Why refinance under HARP?

  • Reduce monthly mortgage payments
  • Save on interest over the life of the loan
  • No mortgage insurance required if mortgage insurance is not in place on your current mortgage
  • No property appraisal required in some situations

The interest on any portion of the loan greater than the fair market value of your property is not tax deductible for federal income tax purposes. You should consult your tax advisor regarding deductibility of charges and interest.

Are you eligible for HARP?

HARP through BBVA Compass is available to those with an eligible mortgage owned by Fannie Mae.

Some qualifications include:

  • You haven't already refinanced the same property under the HARP program
  • The property must be your primary residence, a one-unit second home, or one- to four-unit investment property
  • The loan originated prior to May 31, 2009

If you meet these requirements, you may qualify for HARP refinancing. Contact us to learn more today! 

Equal Housing Lender


Looking for another option?

Choose from these other mortgage types that might work for you.

Fixed-Rate Mortgages

Looking for stable monthly payments? With a Fixed-Rate Mortgage, the interest rate on your mortgage loan remains the same for its entire term.

Learn More

Adjustable-Rate Mortgages

Most adjustable-rate mortgage (ARM) loans feature an initial fixed-rate period, with interest rates adjusting once per year after the fixed-rate term expires. 

Learn More

Jumbo Loans

If you’re buying a home with a higher property value and can manage larger monthly mortgage payments, a jumbo loan may be a good choice for you.

Learn More

Professional Loans

If you are a medical resident, practicing physician, attorney, oral surgeon, dentist or CPA, a Professional mortgage loan can help you achieve financial flexibility.

Learn More

Government Loan Programs

If you are looking to apply for a mortgage or to refinance, you may be eligible for a FHA, VA, or USDA loan.

Learn More

Home Ownership Made Easier (HOME)

Through our Home Ownership Made Easier (HOME) mortgages, BBVA Compass is building stronger communities and helping people achieve the dream of home ownership.  

Learn More

Construction Permanent Loans

A Construction Permanent Loan makes new home financing simple. There's just one loan application and one closing. 

Learn More

Lot Loans

Building your dream home starts with finding the perfect location. With so many considerations to make in preparing to build, let us take care of the lot financing. 

Learn More

Renovation Permanent Loans

Kitchen remodel, attic conversion, basement finishing, or bedroom add-on—major renovations can add serious value to your home.

Learn More

Foreign National Mortgage

BBVA Compass welcomes the opportunity to provide mortgage services to Foreign Nationals who want to purchase, refinance, build, or renovate a home in the United States.  

Learn More

Home Equity Loans and Lines of Credit

Your home is often your largest asset — make your home’s equity work for you with a BBVA Compass Home Equity Loan or Line of Credit. 

Learn More

BBVA Compass Mortgage Contact Us

Please complete this inquiry form, and a Mortgage Specialist at BBVA Compass will contact you within 1 business day. There is no obligation on consultation for any of your home financing needs.


Property Information


By clicking “Submit” you are authorizing BBVA Compass to contact you by preferred method of contact you entered. Loans subject to program eligibility, collateral, underwriting and approval, including credit approval.