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Dr Shab Kavandi

What is new HARP II Program

Tuesday, February 28, 2012 - Article by: Dr Shab Kavandi - American Select Funding, Inc. - Message

Home Mortgage Refinancing for underwater homeowners!!!!

In October 2011, the federal government approved changes to the Home Affordable Refinance Program (HARP) in order to provide more homeowners with mortgage assistance.
Recently Obama's administration did enhance the initial HARP program to support homeowners who are underwater with their loan to value ratio and to help their financial stability.
Recently I have been asked by lots of my clients about the HARP II program and the eligibility requirements! The following is a very simple and short explanation of the new HARP II program:

To qualify, you must meet the following:

o Your Home-to-Loan value is 85% or higher
o You are current with your mortgage payments
o Your loan was originated before June of 2009.
o If you meet the above criteria, you may be HARP-eligible.

Generally there is no need for an appraisal report.

Please note, if your mortgage is FHA, USDA or a jumbo mortgage, you are not HARP-eligible.
Also, the new HARP program is not debt forgiveness, but for qualified homeowners it can help lead to financial stability.

HARP II loan program is designed for conforming loan, which has the limit up to $625,000 in Orange County HARP 2.0 Loan Program California. In some other counties the loan limit may vary.

For further info please contact Dr. Shab Kavandi i(NMLS #299520) who is an active loan officer with American select Funding, Inc. or Email Dr. Shab at

We are ready at American Select Funding, Inc. to help you to determine if the new HARP program is right for you. You can contact us for your free and non obligation consultation or apply online:

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