my home is not own by fannie mae nor mac, is there another program under harp that help people with conventional loan?

Hi since you loan is neither owned by Fannie or Fredie Mac, then you will not qualify if you are currently underwater on your home, unless your mortgage is a FHA. If you do have equity, then you can refinance with a conventional loan. Do you have one or two mortgages on your home?

More info needed.. but in general, Every type of conforming loan has a refinance option where an appraisal is not necessary. VA, FHA, USDA and Conventional (HARP)... If your loan does not fall into these conforming loans, then it's more than likely you have a "Non-Conforming" or "Portfolio" type loan. But even these loans can be refinanced, it's just that you would need sufficient equity to meet the lenders Loan to Value restrictions. For conventional (non HARP) 95%, for FHA 97.75%, for VA (you must have available VA benefits) 100%. and for USDA, you must have a USDA loan now, and then you can refinance your balance only. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

If your current loan is not owned by Fannie Mae and Freddie Mac, it would not be eligible for the HARP program. We can provide you a complimentary mortgage analysis to see if there are any other options available to you. Please give us a call 619 966 4390. Happy Holidays to you and your family!

If the existing loan is not Fannie or Freddie, but it is conventional (which just means it is not a government loan), then there is nothing special for you, and you must meet traditional new loan underwriting requirements. www.Harp-Refinance-MN.com