Just been denied a HARP 2.0 loan because I live in the UK.

There are ways to get approved. Send me a copy of your loan application and any other document (including appraisal if you have one) along with the Denial Letter to review. You can send this to me via my profile on this site. Thank you! Steven

You're a victim of "Lender Overlays".... there are lenders out there doing these loans.. However your reason for denial might not be because you live in the UK.. it might have more to do with your income.. If your income is not reported on US tax returns, then that could be the bigger issue.. The only income that will be considered when determining your eligibility will be income filed on a US tax return where you paid the US taxes.. if you have overseas income, and report that income, but the taxes are paid to UK, then the new lender will not be able to use that income.. It's not so much that taxes were paid there and not here.. it has more to do with how the lender can verify the income.. US lenders have systems in place to help verify and cross check that the income you put on the application is the same income you let the IRS know your making.. With overseas income, it's hard to get verified, so most lenders will disallow it.. 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

William is correct, you are a victim of credit overlays. I will just add to some other comments here... Never, EVER, just randomly select a lender to work with simply based on a response. You Must Speak with them directly and also request client referrals that are credible. Do not allow your credit report to be run unless you have fully interviewed a loan officer. Do NOT fax your application to someone who hasn't been fully vetted via conversation and proof that they have been successful with your particular scenario. It doesn't matter whether they are "authorized" to lend in all 50 states or Your State. It's really a matter of whether they can get the loan done for you in a timely fashion and with expertise in their back pocket. Always use caution...

Yes it will all depend on your verifying your income. There are ways to get it approved. We specialize in HARP 2.0 loans. Give me a call if you would like to move forward. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

You should still be able to qualify, give us a call to go over the full scenario so we can help.201-962-3555 team@bestmortgageoption.comask for Benny or Michelle

If you feel you are well qualified, maybe you need to just start with a new lender that can get your file in for approval as quickly as possible. I'm happy to work with you as everyone else would be, but we do have a Bank Platform to use, which may be what you need. In addition, we have various Lenders who we can go to if needed to help get this file approved and closed!

Try another lender, we loan nationally (personally most of my customers are in SC but I do lend in other states as well) and I can't find any restriction that would prohibit you from being approved. If you'd like I can check specifically - or check with someone else who has responded. pdumouchel@primelending.com

As I said earlier.. your probably a victim of lender overlays.. The fact that you live in the UK is not a deal breaker.. it might be with that one lender your trying to get financing through, but not with every lender.. you need to contact a local mortgage broker.. Not your existing lender, not the big bank on the corner, and certainly not one of those nationwide, or internet lenders.. Brokers have numerous lenders they deal with who offer multitude of different lending options.. Rather than just a few.. The more options, the more likelihood your scenario will be approved... Also, when it comes to overseas income, as I said earlier.. it's how it listed on the tax returns and whether taxes are paid to the US or not.. (Foreign Earned Income Exclusion)... if you make $150K, but your allowed to write off $140K because of FEIE.. Then your taxed on $10K, and its that $10K that your lender will use to determine your ratios.. 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

Best option is to go with your existing lender. The will in most cases ignore DTI and not ask for income

First, who is your servicer/ bank? that makes a difference for harp loans, it should not , but it does.. Do you have pmi on your loan? is your home upside down a lot in value?? i might have a alternative solution for you linda yourloanpartnerforlife@live.com

My advice is to apply with another Trusted Lender or at least provide more actual details including your loan application, credit, etc. so someone can spend more time to see what they can do without without providing general responses to your information on this site. Happy to help!

Please contact me directly so I can share some information with you about Freddie Mac!

I do not see that anywhere in the guidelines, it is possible that it is a requirement of the lender you are talking to. It would not take me long to confirm if you are interested in working with me. pdumouchel@primelending.com