Are my husband and I eligible for harp if we owe 26000 on our mortgage

From a loan amount standpoint, yes. But there is a heck of a lot more criteria. Contact a local mortgage broker in your area for more assistance. For loans in MN, WI, and SD, visit me at www.StPaul-Mortgage.com

Yes and no.. HARP refi's were intended for borrowers with negative equity.. This allowed them to refinance without the necessity of an appraisal. Owing $26,000 on a home in California??? Just the lot would be worth thousands more.. so, you are not in a negative equity position.. It's possible that a HARP refi would be more expensive than just going with a regular conventional loan.. But the other issue is loan amount.. Most lenders will not do a loan for $26,000. The federal government has stepped in and has rules in place to prevent over charging borrowers for mortgage loans.. and for a $26K loan, most lenders cannot make enough with the new rules to make doing this small of a loan profitable. For this reason, most have minimum loan amounts.. Some are at $100K.. some are $75K or $50K.. the lowest I've seen is $40K.. If you made a mistake in informing us of your loan amount and you meant $260K, not $26K, then that's a whole different story.. Harp could be beneficial, depending on many factors.. if you would like, I can analyze your profile and send you some accurate options.. I'm a preferred Lender with California and Arizona being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893