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Is it possible to get a HARP refinance for an investment property with 125% LTV?

by MMathers from Detroit, Michigan. Dec 11th 2012 Reply


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

YES... The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet 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. 480-287-5714 WilliamAcres.com ...

Dec 11th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Yes, but most lenders will not go that high. We can. I closed an investment property HARP with a 169% DTI and a 214% Combined DTI. We are not alone, though. Look for a local Mortgage Banker/Broker rather than one of the big banks or big national mortgage factories. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Dec 12th 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

first , who is your lender/ servicer? there are only a very few lenders that will do this how is your credit ? income?? linda yourloanpartnerforlife@live.com

Dec 11th 2012
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes, It is possible if you qualify. Contact a LOCAL Broker and they can help you.

Dec 11th 2012
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

Hi There - We would love to help you. Give us a call - 800 813 3291 - Andrew

Dec 11th 2012
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

Yes, as long and your loan is backed by Fannie or Freddie. We have unlimited LTV. Please feel free to contact me if you would like more information.

Dec 11th 2012
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

It's possible, just depends on all the details. Some lenders are limited to 125% LTV on investment property, others it will not matter.

Dec 11th 2012
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

Yes you can - there are other considerations however. The BEST place to go on this one is your current lender, they will have the fewest restrictions. I would call them today.

Dec 11th 2012
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

Yes you can - there are other considerations however. The BEST place to go on this one is your current lender, they will have the fewest restrictions. I would call them today.

Dec 11th 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Yes!!! contact a local loan officer to help you.

Dec 11th 2012
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Craig Warner-Production Manager (CraigWarner)
#408 ranked lender in California - 7 contributions

Yes, we should be able to help you as long as your loan is serviced by Fannie Mae, we have unlimited LTV, however if your loan is serviced by Freddie we'd are limited to 105%. We'd be happy to explore those options for you.Let us know how we can be of service.877-900-4762 ext 412

Dec 11th 2012
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