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Can we refinance an investment property (or vacation home) with HAPR 2?

by andersonheath from Monterey, California. Aug 9th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

Yes.. under the HARP 2.0 guidelines, you are allow to refinance both 2nd homes or investment.. there are pricing adjustments since both carry a higher risk, but you can definitely refinance.. If you want to know for sure, you should contact a local mortgage broker and apply with them.. .. 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. 480-287-5714 WilliamAcres.com

Aug 9th 2013
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Yes you can! Your existing servicing lender "may" have a streamline process and expanded guidelines to refi but may not always be the best pricing option. Feel free to contact me for more info. I'm in the Bay Area and love Monterey! Ivan 415-271-7740

Aug 9th 2013
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Victor Navarro (Victor)
#889 ranked lender in California - 13 contributions

Yes, You can guide lines are a little more strict as far as Loan to Value goes, but the HARP program also applies to investment properties and second homes Thank you, Victor NavarroMortgage BankerNMLS # 335881Mortgage Banking Division25391 Commercentre Drive, Ste. 250Lake Forest, CA 92630Toll Free Phone: 1-877-319-8345 X: 236Direct Line 1-949-380-6836E-Fax: 1-949-288-6268 Email: vnavarro@crosslinecapital.com

Aug 9th 2013
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Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

You might want to talk with a northern California, licensed mortgage originator -- and get things started. What you may find is that yourcurrent lender may then contact you and try to get you to take their refinance deal. If they do, talk it over with your mortgage professionalto make sure they are not hiding some extra fees or costs somewhere. If you need another contact, I would recommend one of my associatesat Bay Equity in San Francisco - 415-820-4548.

Aug 9th 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Contact one of the forum members who offered you assistance.

Aug 9th 2013
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Blake Kleckner (BlakeK)
#388 ranked lender in California - 258 contributions

Yes, as long as your current loan was purchased by Fannie Mae or Freddie Mac before 6/1/09, you haven't had a 30-day late payment in the past 6 months or 1 in the past year, and you can qualify for the loan. If you don't know whether or not Fannie or Freddie purchased your loan, I can easily find out for you in a matter of minutes. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 42 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody. If you can qualify for the loan, there is no doubt that we can get it refinanced for you regardless of the home's loan-to-value ratio--even if it's greater than 200%

Aug 9th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,944 contributions

Sure... the fact the property is an investment home isn't an issue as long as you meet all the other HARP loan requirements. IN MN and WI, visit www.-HARP-Refinance-MN.com

Aug 11th 2013
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