Do I qualify for Harp 2?

You have to have gotten your mortgage in May 2009 or earlier. You have to have a Fannie Mae or Freddie Mac loan. There is no cap on loan to value anymore. The guidelines on debt ratios are looser but we need an automated approval to see if you would be approved or not. That is basically it. You can just google Does Fannie Mae own my loan or does Freddie Mac own my loan and then type in your info to see if they do. That is as much guidelines as you need and then you need to call a lender who honors the full rules as some have limitations. We do it all and you can call me at (866) 385-1650 for CA loans or swing by and read my article at www dot HansBlog dot com

Hello Rupert, We are a local california lender, as long as you purchased your property prior to May 2009 we have no celing on how underwater your mortgage is. if you need any additional information please feel free to contact us directly by clicking on our logo or you can call Houtan Hormozian @ 310-933-4748 or emailing Houtan.Hormozian@Crestico.com

The guidelines are fairly simple. You can see those on the front page of our website. www.MortgageWholesale.net If you qualify go ahead and give me a call. I can help you in CA. This is what we specialize in. Thank you. 888-320-7888 - Ken

Here are the guidelines for HARP 2. 1) Loan has to be owned by Fannie Mae or Freddie Mac. We would be happy to help you determine this or you can visit this link. http://www.makinghomeaffordable.gov/tools/does-fannie-or-freddie-own-your-loan/Pages/default.aspx 2) Your loan must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. We can help you determine this. 3) No Loan to Value Caps for loans up to 30 Year fixed loans. Adjustable loans have a 105% LTV max. 4) Cash out or paying off a 2nd mortgage is not allowed.5) CAll me today at (619) 609-7006 for more help. Scott McPherson

The guidelines for HARP 2.0 is available online, however each lender has their own guidelines called overlays... so everything might look good under HARP 2.0, but you need to find a lender that will work with your particular scenario... for example... HARP 2.0 has no Loan to Value restriction.. Meaning if you owe $300K, but your home is worth $100K, then you're ok.. but most lenders overlays will not go above certain Loan to Values... so you might be limited with one lender to 125%, while another lender might go unlimited... the best and easiest way to find out if you qualify is to contact a LOCAL mortgage broker, not a bank, and not one of those 50 states or internet lenders... dealing with the local broker gets you access to numerous lenders and they can find the right product for your profile... WilliamAcres.com

Hi there:To qualify, you must meet the following first:oYour Home-to-Loan value is 85% or highero You are current with your mortgage paymentso Your loan was originated before June of 2009.o If you meet the above criteria, you may be HARP-eligibleOnce you meet the above critera then you need to know if you loan belongs to belongs to Fannie Mae or Freddie Mac! The follwoing is how to find out if Fannie Mae or Freddie Mac has your mortgage? You can check it out yourself in going to Fannie Mae and Freddie Mac "lookup" websites : http://www.fanniemae.com/loanlookup/ Please note that Fannie Mae's market share is larger. If no match is found in Fannie Mae then check Freddie Mac website: https://ww3.freddiemac.com/corporate/ Your loan must appear on one of these two sites to be eligible for HARPYou can call me at any time for more info we have been accepting loan application since February and helping lots of homeowners like yourself :) My number is 1-714-639-6694 My very best,Shab KavandiShab Kavandi

There are lots of online resources for finding the guidelines as you can see from the responses. Here are a couple more options: Freddie Mac Info at http://www.freddiemac.com/sell/guide/bulletins/pdf/bll1122.pdf Fannie Mae Info at http://www.freddiemac.com/sell/guide/bulletins/pdf/bll1122.pdf - Be sure you confirm that your existing mortgage qualifies first. Best of luck!

For those of use who have actually read the Fannie and Freddie selling guide I would strongly recommend contacting a local mortgage professional. The guide is extremely boring to read if you are not in the business.I only lend in Florida!

Hi Rupert: Look at the bottom of the L411 home page for HARP 2 info under "For Consumers." It's quite complete and accurate. Not all lenders have embraced this loan program. Fortunately we have some that have. I'm currently working with a client whose home's LTV is greater than 125% and have structured a 30-year fixed rate loan for him at 4%. His present loan is at 6.125%. Another of my client's has a home with a 166% LTV and I have placed his loan with a different lender. After you have reviewed the HARP 2 info below, give me a call 16/7, or email me; and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

Even if you were to find them, you could not really use them to help you determine if you are eligible. Why? Because the banks that actually make the loans are instituting additional requirements or restrictions called overlays. Your best bet is to contact a local Mortgage Banker /Broker. DON'T use one of the big banks, DON'T use one of the big national Mortgage factories, and DON'T use the people you are currently making payments to. Contact a local Mortgage Banker /Broker. They have access to all the lending sources, allowing for an easier fit into the lender or program that makes the most sense for your situation. Whoever you choose, make sure you check them out at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com