Lon, one of the eligibility requirements for the HARP 2.0 program is the mortgage that is being refinanced must have been owned/guaranteed by Fannie Mae/Freddie Mac prior to June 1, 2009 (initially it was prior March 1, 2009). A new HARP 2.0 refinance loan would be made after that date, therefore the HARP 2.0 loan that was refinanced into wouldn't be eligible for another HARP 2.0 refinance again. Potentially it could be refinanced under other loan programs though (FHA, VA, non-HARP conforming, etc.). There are some proposals for HARP 3.0, but those are still being discussed in congress.
has answers a lot of frequently asked questions on the HARP 2.0 program.
Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct