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I am underwater on my mortgage and want to use HARP, can I with 660 mid credit?

by delanosar7833472 from Chicota, Texas. Jan 8th 2015 Reply


Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

POSSIBLY who is your lender/ servicer ? yourloanpartnerforlife@live.com

Jan 8th 2015
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Brad Cahoone (info@globalhomefinance.com)
#91 ranked lender in Texas - 1,042 contributions

Hello Delanosar, There are more than just credit score and LTV to be qualified for HARP. A 660 would qualify for HARP, but your the note to your mortgage must be owned by Fannie Mae and Freddie Mac, be originated before May of 2009 as well as a few other items in order to determine if you qualify. I am a mortgage broker and banker in Texas and have helped hundreds of Texans utilize HARP over the last few years. I am happy to help you in any way I can and think this is a detailed conversation that I personally would handle with a phone call. It would allow me to get all of my questions answered and maybe even bring up something's that I didn't think of myself. Have a great day and if I may be of further service to you feel free to contact me at 972-724-3222x227 or bcahoone@globalhomefinanceinc.com - Brad

Jan 8th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Yes as long as your mortgage is Harp eligible and you meet all other guidelines as well.

Jan 8th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

If credit scores were the only thing the lender looked at, then yes.. you could get a HARP loan. The reality is that there are many factors taken into consideration when determining one's eligibility, credit score being only one.. so long as you meet all other eligibility requirements, you could be approved.. but you can find out for sure by contacting a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. 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

Jan 8th 2015
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

The score would meet one part, but you would also need to have your loan owned by Fannie Mae or Freddie mac, no late payments in the last 12 months, be current on your mortgage, the loan to value has to be more than 80%, had to have originated prior to May 31st, 2009, have not received any new loans since then. Check with a local loan officer and have them review your information to see if you are eligible or not and to show you what your possible options are.

Jan 8th 2015
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Nicholas Capretta (ncapretta@usavingsbank.com)
#91 ranked lender in Ohio - 8 contributions

Yes, as long as you meet all other requirements your credit score should allow for you to refinancing through the HARP program.

Jan 9th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Your score would not prevent you from approval as long as you also meet other HARP requirements for income, assets, etc.

Jan 9th 2015
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