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What do I need to qualify for the new HARP program?

I have a Fannie Mae home from 2007 that I currently am underwater on, roughly (135%). I haven't missed a payment for my mortgage in 3 years except I was late back in 2009 once. The home is valued currently at 290k and we have a credit of 739. What do we need to do to prepare for the new program and refinance as soon as possible? by courtn_843_601 from Flagstaff, Arizona. Dec 8th 2011 Reply


Heath Symonds (hsymonds)
#82 ranked lender in Arizona - 5 contributions

We are still waiting on more specific details on the HAPR II program mainly having to do with loan to values over 125%. Give me a call at 928-556-5570 and we can talk - Heath symonds

Dec 8th 2011
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Fernando Albarran (fernando)
#56 ranked lender in Arizona - 26 contributions

All the program details can be found at www.harp-az.comRegardless of the value versus the balance of the mortgage the refinance is still obtainable. From the information you provided, I can say that you will qualify for the program once it is fully available.Most lenders will not have this program live until March of 2012 due to running on solely automated systems. We are happy to say we will be manually doing these refinances much sooner.Feel free to call or email and please do visit the site as it should answer most questions for you.Fernando Albarran - WJ Bradley Mortgage 602-820-0881info@wjbonline.com

Dec 8th 2011
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Zoltan Holubecz (Zoltan Holubecz)
#10 ranked lender in Arizona - 6 contributions

The new HARP Program (effective March 2012) will allow you to refinance and the loan to value requirement will be waived. As long as you have no late payments in the last 12 months you will not have any problems. Please call me @ 623-202-3142 and we can start the process and have everything ready to go for March.Zoltan Holubecz

Dec 8th 2011
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

The product for your program is not available until February 1st. We are still waiting on the lenders to roll out their programs under the HARP 2.0, so until they do, we wont know for certain. I'm here locally in Scottsdale... contact me at WilliamAcres.com

Dec 8th 2011
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