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Do I qualify for the harp program if my ltv is 115%?

Do I qualify for the harp program if my ltv is 115%? by kentma_550_528 from Atlanta, Georgia. Apr 13th 2012 Reply


Supreme Lending (SupremeLendingColorado)
#50 ranked lender in Colorado - 2 contributions

Based on LTV, yes you do. There are other qualifications as well.

Apr 13th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Possibly. To qualify, your loan must be owned by Freddie or Fannie and have been endorsed by them prior to June 1, 2009. Most, but not all lenders will lend up to 125% with no problems, provided you meet the other criteria, Contact a local Mortgage Banker/Broker to discuss your current situation and get qualified. Good Luck. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Apr 13th 2012
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Lawale Adewoyin (1stcrown)
#103 ranked lender in Texas - 6 contributions

To qualify your loan must be a govt loan to benefit. If you have a conventional mortgage, you are out of luck. Call me if you have any other questions. 877-717-8276 x 701. Lawale Adewoyin NMLS 167840 www.1stcrownmortgage.com

Apr 13th 2012
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Yes. But only if you have a Fannie Mae or Freddie Mac loan that you got before June of 2009. If you do, you are eligible to 125% under HARP. Under the HARP 2 program, it is unlimited LTV (loan to value) but this program is not widely available yet. If you have any other questions you can call GA Southern mortgage at 770-992-1611.THanks-

Apr 13th 2012
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The short answer is yes.. Based on the guidelines for HARP 2.0, unlimited LTV is accepted.. however lender guidelines may not accept your LTV.. so other factors play into the equation... for example.. Single family home, condo, or Manufactured home on land.. Freddie owned loan or Fannie Mae... what is your credit score, what is your debt to income ratio... there's just so much more info necessary to properly answer if you would qualify.. so best advice I can give you is.. Contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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. 480-287-5714 WilliamAcres.com

Apr 13th 2012
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Melvin List (melvinlist)
#144 ranked lender in Florida - 124 contributions

If you qualify for HARP the loan to value can go unlimited based on your application profile. Make sure you speak with someone that has working knowledge of this program.I only Lend in Florida!

Apr 16th 2012
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