You may now be able to borrow a little more than your home is worth under some new changes to the Home Affordable Refinance Program (HARP). Under the current program (which expires at the end of 2013), Freddie Mac and Fannie Mae borrowers could get help with refinancing if the value of their home had declined and they owed more than the home was worth. Now, banks are more comfortable raising the loan-to-value caps to include more struggling homeowners. HARP 3.0 will cover borrowers not under Freddie Mac and Fannie Mae, and loans over $417,000 can now qualify.

It’s unclear when the new HARP program will take effect, but for now homeowners under those lenders still have options for refinancing.