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My Ltv on my mortgage is under 50%, Do I qualify for a harp refi

by exlog692 from Minneapolis, Minnesota. Aug 1st 2015 Reply


Harp eligibility relies on the date when your current mortgage was closed and if the mortgage was sold to Fannie Mae. This is separate of who collects the payments. Call if you would like me to verify your eligibility.

Aug 1st 2015
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Nik Green (NikGreen)
#67 ranked lender in Minnesota - 6 contributions

There are two web pages to check.https://knowyouroptions.com/loanlookuphttps://ww3.freddiemac.com/loanlookup/If you go on these two websites and enter you info you can figure out if you are eligible.Do you qualify is a different story. That depends on your credit, income and everything. If you are eligible please give me a call and we can see if you qualify!ThanksNik GreenNMLS#1080243

Aug 1st 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,439 contributions

Generally speaking, HARP is for people who have a loan-to-value OVER 80%. Therefore, from a loan-to-value standpoint, HARP isn't needed, and you would be OK for just a standard refinance. I'm right here in St Paul, and I am the 2014 Minnesota State Loan officer of the Year. More than happy to take a peak to your situation. Visit me at www.Joemetzler.com

Aug 2nd 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

as others have said, yes possibly but there may be better options for you.

Aug 2nd 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,782 contributions

Assuming your loan is owned by Freddie or Fannie and it was originated within the qualifying dates, then yes, but there's really no benefit to you using HARP with such a low LTV. Your loan pricing is identical, and it's possible you would get an appraisal waiver on both loan products because of low LTV. 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

Aug 4th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,106 contributions

I would contact a local loan officer and go over your specific situation. There are other factors that go into qualifying for a HARP loan you and it may turn out that a different loan would be better for you anyways. Best wishes, Sean

Aug 5th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 531 contributions

LTV does not matter as you can still be at 50% and qualify as long as your current mortgage was refinanced or purchased by Fannie or Freddie prior to may 31, 2009. If after this date then you would not qualify. You can also go to the websites the others stated. Make sure you put in your information exactly as it is on your mortgage statement and also the borrower information personal info to get best results. System can be real tricky on the address if it is a unit number in the address. You can also look t the note as I have seen where the address on the note and the mortgage statement or actual address is wrong.

Aug 6th 2015
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