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can i use HARP for an investment property? renting out to friends. thank you

by daleking08787595 from Morgantown, West Virginia. Jan 23rd 2014 Reply


Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

As long as it will qualify, yes you can do HARP on investment properties. Your best option is to contact a local lender, get pre-qualified and see what your options are. Best wishes, Sean

Jan 23rd 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sure as long as the mortgage qualifies and you meet qualifications for the new mortgage. pdumouchel@primelending.com

Jan 23rd 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

HARP does allow for investor refinance transactions so long as the you and the property qualify, you can.. the best advice I can give you would be to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 23rd 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Being a rental property is OK... assuming it meet all the other requirements of a HARP loan. www.HARP-Refinance-MN.com

Jan 24th 2014
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Oh ok good. thanks very much

Jan 24th 2014
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Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions

How is your investment property backed? If it is a VA, FHA, Freddie or Fannie backed loan, you have options. we offer HARP loans on investment properties in West Virginia. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Jan 29th 2014
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