my mortgage was sold how do i know if im harp eligible?

If your original loan was FHA, then it is still insured by FHA even if the servicing was transferred. You would not be HARP eligible with the original loan being an FHA loan. An FHA streamline mortgage may be an option for you. Contact a licensed mortgage banker/broker in your area to find out. FHA streamlines require no income verification or appraisal, so if your property is upside down now a streamline may still work for you if there is enough benefit to you.

HARP is for conventional loans where there isn't sufficient equity to do a standard refinance. The HARP program doesn't require an appraisal in most cases.. In order to do a HARP refi, your loan must be owned by Freddie or Fannie.. Since you say it's an FHA loan, then it will not qualify for HARP.. but you can still refinance.. FHA has a feature built in called the FHA STREAMLINE REFINANCE.. with this loan program, no appraisal is necessary, so even if your upside down, you can still refinance and take advantage of today's low rates.. to get started, you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

If you have an FHA loan the servicing rights will not matter you can do an FHA streamline loan to refinance that loan. HARP is set up for Fannie and Freddie backed loan yours is insured by FHA.