Sonoma County Home Loans, HP Investments Inc., Accepts HARP 2.0 Underwater Refinance Applications

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HP Investments Inc. recently began submitting refinance applications for the HARP 2.0 program.

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This is the real deal. Finally, a government program that addresses the root problem of the housing crisis at the right time

On Oct. 24, President Obama announced the expansion of the HARP program, but it has taken five months for Fannie Mae and Freddie Mac to release their automated underwriting systems with the new expanded guidelines of HARP 2.0. HP Investments Inc., the parent company to North Bay Realty and Loans, a local Sonoma company that provides county home loans, county real estate listings and county foreclosures, began submitting applications for the HARP 2.0 program on March 19.

“This is the real deal. Finally, a government program that addresses the root problem of the housing crisis at the right time” said Jeff Philips, vice president of HP Investments Inc.

The HARP 2.0 program will allow customers to refinance their home, no matter how much equity has been lost and with no limit on the loan, to value of the home. In the past month, HP Investments Inc. has been working hard to ready borrowers for the program to ensure quality of the transaction and HP has added additional staff to better serve clients. A signifiant benefit that the HARP 2.0 program offers is that it will allow people far underwater to refinance their homes. HARP 2.0 program rates range from 3 percent to 4 percent.

"The expansion of the HARP program will really help all those that have been locked out of refinancing to today's low interest rates. Many of the requests we have been getting are from people who have interest rates in the sixes and sevens and now can refinance down to the high 3 percent and low 4 percent range. This will free up hundreds of dollars that people can spend on items that they need. It should have a real stimulative effect on our economy, and when it needs it the most," President Quentin S. Hyde said.

For more information about HARP 2.0, mortgage owners may check to see if their loan is owned by Fannie Mae or Freddie Mac through these websites: and

For more information about HP Investments Inc., call 866-677-4342 or view the company on the web at

About HP Investments Inc.

HP Investments Inc. and North Bay Realty and Loans are composed of a team of agents and experts who know the wine country by heart. Serving the Sonoma area, both companies are dedicated to helping home buyers acquire the house they have been dreaming about. HP Investments was established in 2007 by Jeff Phillips and Quentin Hyde, and North Bay Realty and Loans in 2008.

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Jeff Phillips
North Bay Realty & Loan
(415) 867-6488
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