Arizona State Credit Union has accepted 167 applications for the Home Affordable Refinance Program (HARP) in its quest to help underwater homeowners obtain more affordable mortgages.
Homeowners who are current on their Fannie Mae mortgage and have been unable to obtain traditional refinances because the values of their homes have declined may be eligible for HARP.
“If members can benefit from a lower mortgage payment, then we, as a local financial cooperative, need to meet this need,” said David E. Doss, President/CEO of Arizona State Credit Union. “The opportunity to offer HARP is significant to the Credit Union as it can help Arizona residents rebound from economically challenging times.”
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