do you need to show income for a harp loan

Yes, you must show your ability to repay the loan as well as having acceptable credit, DTI ratio, employment history etc.

Yes you do in most cases. I have heard of one instances where Chase did not require any docs for the harp. Chase was the servicer and then the new harp loan was still with chase and I am sure the borrower had other investment accounts through chase. That is probably why they didnt request any docs. 99% of the time you will need to document your ability to repay. Best Of Luck!

HARP loans are regular loans in all aspects, except in how lenders handle traditional loan-to-value rules. You still need to document income, have OK credit, etc., www.HARP-refinance-MN.com

HARP loans are no different than any other type of conventional loan.. You must document income per DU/LP findings.. if your self employed or commissioned, you will most likely need 2 years tax returns... if your hourly or salary, then it you might only need 1 year.. 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

Fannie Mae and Freddie Mac AUS guidelines for ALL loans require the verification of sufficient income to service the borrower's debt load. There are no exceptions. If a borrower claims that the lender did not ask for documentation, then it's because the lender already has it. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Yes, you must be able to prove your income for a harp loan.All the best,Linda BurekSr. Loan OfficerFirst Choice Mortgage

Yeah you will be asked to show income as well as assets and work history just like you were applying for a refinance. Depending on which Fannie or Freddie your debt to income ratio could be as high as 60% as long as the lender is able to get an approve eligible from the automated underwriting system.

Yes you will need to show income for a HARP loan. You might also want to make sure you are eligible by going to either Fannie Mae OR Freddie Mac: http://www.knowyouroptions.com/homehttps://ww3.freddiemac.com/corporate/Best of luck, Sandy McKee

While the overwhelming answer looks to be yes...keep in mind that your current servicer has streamline HARP programs in which very little if any asset/income documentation is collected. I just completed my own with my current servicer to receive unlimited LTV, along with no income verification.