Are there any restrictions with HARP in terms of when the owner can sell their condo/home AFTER they refinanced?

NoMichael A. HarrisUnited Mortgage Corporation of AmericaDirect Line: 805-530-1199

None.. you can sell any time.. There is however a 1 year restriction on converting your primary residence to a rental.. But in reality, if you are considering doing a HARP refi.. and you know for certain you will be selling in a few months.. you might be better off not doing the refi.. refinancing is only going to add to your payoff balance.. assuming you will have lower payments, how much will you be saving a month? divide that by how much your loan went up to determine when the loan pay's for itself.. Example: Loan balance goes up $2000, and you are saving $200 per month.. payback period is 10 months.. Don't be fooled by the "No Cost" loans.. what this really means is that it's all being financed.. I'm a preferred Lender with Arizona and California being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

It looks like you have your answer...that you can sell any time.It appears William Acres already let you know that you cannot count rent in qualifying for a new home purchase, for one year.Thus, you would need to qualify with the mortgage/taxes/insurance payment included in your debt to income ratio, in buying a new place...until you have actually sold the property.Most importantly, if you seek to buy another home in the next several months why refinance? Why bother even if you save at best just a little money n a no closing costs refinance? Of course, if you know you will not sell for some time to come yet, then maybe it is well worth taking advantage of a HARP refinance loan.