Harp information

Your loan must have been originated before June 1, 2009, and have been purchased by Fannie Mae or Freddie Mac. I can tell you if that occurred in a matter of minutes. If so, and depending upon when your loan originated, you can apply for the loan regardless of what your home's FMV is as it relates to your loan's balance--loan-to-value ratio. Give me a call 16/7, or email me your phone number so I can call you, 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. If you get a chance, read some of my blogposts on Lender411. They are quite informative. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. I started doing mortgage loans in CA in 2006, and only do them there so I have an exceptional understanding of this extraordinary market. Representing more than 55 quality lenders that offer in excess of 1,000 loan programs, we definitely have something for everybody.

Blake hit the nail on the head. Now in addition, if you are not eligible, there are other options. If your home is under water, you can potentially have a short sale on the property. Please note that you should only deal with a real estate agent who knows the short sale process and uses a skilled negotiator with your lender. Along with being a loan professional I am also a REALTOR. I perform short sales and use one who is the very best to get a pre-approved amount which will be accepted as an offer to your lender. DO NOT use one who does not use a skilled negotiator or who has no experience in the area of expertise. TROUBLE! Now, if you have an FHA loan or conventional in some circumstances, you can ask for forbearance. See the link http://homeownership.org/loan-forbearance/ If you are located in the greater Sacramento Valley, down to Manteca, out to Fairfield/Vallejo or up to Yuba City/Marysville, call me. I will be happy to assist you!! All the best, Scott. 916-470-0947.