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Can i still qualify for a harp loan with a low ltv?

I am not upside down, but want to take advantage of harp loan savings i hear on radio by sandeep_patel157 from Irvine, California. Jul 8th 2015 Reply


William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Ah.. the magic of advertising.. The benefit to HARP financing is that your not hit for a high LTV, since property valuation is not necessary, so the rate is still good.. If you have a property and your LTV is at 80%, then pricing is exactly the same as HARP.. if your LTV is at 60% or lower, then a regular conventional refinance rate is lower than HARP.. The one thing you don't get when you listen to a radio ad is all the small details.. You have to call in for that.. and once you do, you will find out that the "Low Ball" rate they threw out on the radio really doesn't exist.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. They can also put together a side by side comparison so you can see which way would be most beneficial to you.. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 8th 2015
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Hans Bruhner (Hans Bruhner)
#96 ranked lender in California - 100 contributions

I want to echo what William Acres said and said it well. I am in CA and happy to help. I am at 866-385-1650 x 1

Jul 8th 2015
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Jason Bennett (jbennett)
#105 ranked lender in Pennsylvania - 67 contributions

fyi, I worked for "wf" and wrote several lot ltv harp loan refi's. So yes you can do a HARP loan with a low ltv. Jbennett@riverviewbankpa.com

Jul 9th 2015
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