Lender paid mortgage insurance and HARP

If you have lender paid MI, then it becomes a little trickier to get the financing to go through.. it's not impossible, just a little tricky.. The biggest factor is how is the MI being paid.. Was it paid upfront by the lender? or is the lender paying monthly? Upfront paid by lender is the easiest MI to get passed.. if the lender is paying monthly, then it's possible that the MI company is not acceptable with some lenders, so you'll have to call around until you find someone willing to take your MI companies certificate. Also the new lender will not pay your "lender paid" MI premium, so whatever the monthly amount is, it will be added to your loan, and you will begin to pay it.. Select above "Find a Lender".. Type in your zip code and you will get a list of lenders approved by lender411 to help you with your loan search.. 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

As William said, it can be done. You may need to shop around for a Mortgage Banker/Broker that has access to an investor/lender that will accept what you have. Then it's up to them to get it transferred. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950