Can a loan be considered a HARP if the LTV is less than 80%? Does it have to be upside down?

Yes.. but your only benefit would be no appraisal.. so if you have more than 20% equity, you might want to have your loan officer get you a quote based on a rate and term refi, non HARP.. the pricing might be better.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes it can. It does not have to be upside down.

I agree with the already submitted answer.

Yes. But there is no reason to go into the Harp loan if you LTV is less than 80.

I would agree with the previous with some exception. Depending on your credit score, the HARP could be a better rate and you often will not have to pay for an appraisal. Even with a very high credit score, my interest rates are exactly the same at 8-% LTV for a HARP loan as they are for a regular conventional loan. So you really need someone to map out both options pros and cons to determine which is smarter for you. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Yes, but if the property is not upside down, you may just be able to get a conforming loan.

Yes but it is designed to help underwater home owners so other than not wanting to pay for an appraisal a regular conventional loan may be better pricing depending on credit and income.

Yes, you can do a HARP and be under 80%

Yes, you can do a HARP loan for an LTV of less than 80%. Most folks do not think of using a HARP loan for this situation, but they have some key benefits that could work in that situation. The key is that every persons situation is a little different, so you need to make sure you have a loan officer that explores all alternative to find the one that fits you best. Please give me a call and we can discuss (316-259-5862) or www.prmiwichita.com/mpurkey and hit the Apply Now button.

The answer is Yes, as long you as you qualify. :)