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will harp 3.0 work with investment property?

by mhagen_358_741 from Talent, Oregon. Dec 7th 2012 Reply


Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Hopefully, but Harp 2.0 already works with investment properties as well.

Dec 8th 2012
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Michael Eiden (MichaelEiden)
#29 ranked lender in Oregon - 23 contributions

It sure will, feel free do drop me a lind if you'd like to discuss more. Click my profile to learn. Have a great weekend.Best,Michael

Dec 8th 2012
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Linda Miller (Linda Miller)
#2 ranked lender in Utah - 566 contributions

Still waiting on guidelines for HARP 3.0 but if your existing loan qualifies for the HARP program you can do it now. Contact a mortgage professional in your area. They can review your situation and give your great advice. Good luck.

Dec 8th 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Why wait on 3.0 when 2.0 works. If your property qualifies and you meet the guidelines it is possible now.

Dec 8th 2012
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Bert Carpenter (BertCarpenter)
#2 ranked lender in Arizona - 1,823 contributions

There is no HARP 3 yet. Due to the fact that housing markets are improving in most parts of the country, coupled with the fact that our beloved congress can't seem to agree on anything, I personally don't think we will ever see HARP 3. I hope I am wrong. The current HARP does allow for investment property, but only if the loan is owned by Fannie or Freddie. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ Licensed in California and Arizona ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Dec 8th 2012
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Manuel Gonzalez (mmortgage1)
#91 ranked lender in New Jersey - 89 contributions

Harp has always allowed working with your investment property. Its sometimes that you have to go directly through the lender who holds your loan currently. In many cases I've seen where a person couldn't get approved for an Investment property because when they acquired the loan when they occupied it. In this case, you would have to go with the current lender, they are allowed certain flexibility other lenders are not.Good LuckMG

Dec 9th 2012
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My situation is that my investment property loan is owned by Citi not Fannie or Freddie. So I am pretty much locked down with the bank. Unable to refinance. Not sure if this Harp 3.0 will help or not

Dec 11th 2012
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