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Can I do a HARP refinance on a second home?

Not my primary residence by LBStot_880_261 from Stafford, Virginia. Oct 11th 2012 Reply


Gregg Repasky (greggrloans)
#170 ranked lender in Florida - 3 contributions

Yes give me a call I can go over how that worksSentrix Financial ServicesGregg Repasky216-215-4400

Oct 11th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

HARP guidelines do allow for the refinancing of a 2nd home or an investment property, however lender overlays can prevent this.. So not every lender out there does them, but there are many that do.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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. 480-287-5714 WilliamAcres.com

Oct 11th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

HARP Guidelines will allow for the refinacing of a second home, however, not all lenders will allow you to do so. Start by contact several local lenders and see who will allow it. Best Of Luck!

Oct 11th 2012
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Patrick McCarthy (PatrickM)
#22 ranked lender in Ohio - 196 contributions

If you meet the HARP guidelines, you should be able to find a lender that wil lend on a 2nd home. If you haven't already checked with your current lender, do so. Sometimes lenders are more willing to do something like that than other lenders taking on new risk. If you do find a lender willing to do so, please let me know so i can refer others in the same situation. Thank you.

Oct 11th 2012
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Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

Yes you most definitely can provided you meet all of the standard qualification criteria.

Oct 11th 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sure, as long as you still qualify for the payment plus any other debts you have as compared to your income. Call or email if I can help - l lend in VA or can hook you up with one of our local mortgage officers. pdumouchel@primelending.com or 843.619.6025

Oct 11th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

yes seeking out a local broker from this panel..they should be able to help you

Oct 11th 2012
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Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions

Yes you can. You would need to have a loan officer run your file thru Desktop Underwriting, Fannie MAe's online automated approval engine to see what the findings say.

Oct 11th 2012
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Yes you can as long as you qualify.

Oct 11th 2012
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Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions

Yes you can do a HARP loan on any home that was financed before June 1 2009 and is owned by Freddie or Fannie

Oct 11th 2012
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