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I need A Lender that handles Fannie Mae Underwater Properties

Excellent Credit, In Atlanta GA by mel Smith2 from Atlanta, Georgia. Jun 25th 2013 Reply


Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

What are you looking to do? I assume a Harp loan?

Jun 25th 2013
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Jackie Peck (JackiePeck)
#81 ranked lender in Georgia - 21 contributions

Are you looking for a refinance of your own property that is underwater or a list of foreclosures owned by a bank?If you are looking for your own refinance you would need to try to apply for a HARP refinance, I can assist you with this if your loan is an eligible Fannie Mae loan. Give me a call 404-483-9526 or send me an email jackie.mcmichen@firstcitizensonline.com.I'm happy to help.

Jun 25th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Contact a lender411 loan officer to help you and they will want to know if you are purchasing or refinancing as well.

Jun 25th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Contact a lender411 loan officer to help you and they will want to know if you are purchasing or refinancing as well.

Jun 25th 2013
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John Deguenther (John Deguenther)
#1 ranked lender in Georgia - 1 contribution

Yes, please call Cary Eisenberg at American Home Mortgage, Inc. 404 256 1024. I would be glad to help you

Jun 25th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Contact a member of this forum.

Jun 25th 2013
1
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Nick Rapplean (rapplean)
#53 ranked lender in Georgia - 5 contributions

If it is going to be a refinance, we need to check if Fannie Mae owns your loan and when they purchased it so we can see if you qualify for the HARP refinance program. If you are looking to purchase, I have a few follow up questions for you. Please contact Nick Rapplean at 678-494-8251.

Jun 25th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

Mel -- you need to talk with a local, licensed mortgage professional, to get the best answer for your particular concerns, especially in today's volatile market.

Jun 25th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

What you are referring to is a HARP loan. We are licnesed in GA. Click in the icon at left for my contact information. We may be abe to help.

Jun 25th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

What are you looking to do? I assume a Harp loan?

Jun 25th 2013
1
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

What you are referring to is a HARP loan

Jun 25th 2013
1
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Pretty much everyone handles Fannie Mae HARP Loans for underwater homes. Contact a local mortgage broker in your area for further assistance.

Jun 25th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

On the tabs above, select "Find a Lender", and type in your zip code.. you should come up with a list of local mortgage brokers in your area who work with multiple lenders.. This is crucial since not every scenario is exactly the same.. even though under the HARP program, they allow for unlimited Loan to Value refinance transactions, each lender has their own overlays, and some restrict the LTV to 125% or 150%, while others offer unlimited.. without knowing all the details of your particular scenario, it's hard to say where you will fall, so for this reason I suggest you use a local mortgage broker. .. 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

Jun 25th 2013
1
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

On the tabs above, select "Find a Lender", and type in your zip code.. you should come up with a list of local mortgage brokers in your area who work with multiple lenders.. This is crucial since not every scenario is exactly the same.. even though under the HARP program, they allow for unlimited Loan to Value refinance transactions, each lender has their own overlays, and some restrict the LTV to 125% or 150%, while others offer unlimited.. without knowing all the details of your particular scenario, it's hard to say where you will fall, so for this reason I suggest you use a local mortgage broker. .. 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

Jun 25th 2013
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

Assuming that you mean a HARP loan (Fannie guaranteed on or before 5/31/2009), I can assist. I am licensed in GA and have done many of these, including those with LPMI. You should think about getting started soon because rates are rising. Not trying to frighten you here, but the past week has been very bad for mortgage rates. barb.lanis@1amllc.com

Jun 25th 2013
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David Sanders (David_Sanders)
#811 ranked lender in California - 59 contributions

Any lender/broker has the ability to do a HARP loan. (Home Affordable Refinance Program) It is not uncommon to find lenders willing to do unlimited LTV on these loans. There are DTI (debt to income) requirements and credit requirements (Min 620). Other than that it is a no brainer. Appraisal is waived most of the time. As long as your L.O is knowledgable he should be able to get an appraisal waiver. I am a loan officer in California. IF you decide to relocate or know anyone looking for options here in CA please let me know. David Sanders NMLS: 1058080 DRE: 01930045 949-529-5521. Thank you very much and good luck!

Jun 25th 2013
1
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

On the tabs above, select "Find a Lender", and type in your zip code.. you should come up with a list of local mortgage brokers in your area who work with multiple lenders.. This is crucial since not every scenario is exactly the same.. even though under the HARP program, they allow for unlimited Loan to Value refinance transactions, each lender has their own overlays, and some restrict the LTV to 125% or 150%, while others offer unlimited.. without knowing all the details of your particular scenario, it's hard to say where you will fall, so for this reason I suggest you use a local mortgage broker. .. 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

Jun 25th 2013
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Eric Vander Werff (Loanguy99201)
#84 ranked lender in Washington - 27 contributions

Love to help, give me a call or email from contact info here. Thanks!

Jun 25th 2013
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

If currently ownerd by Fannie MAe or Freddie Mac and your loan was done before April 2009 you may have nice options. I am always happy to assist whether I work on your financing or not; So if you need more information, a pre-qualification, or a competing rate quote you can go to my web page and use my live support button to discuss or get advice on anything at all with me. Web Address is: http://www.loansfromrob.com/quote/ Email is rhanson@gladewaternational.com and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Dec 18th 2013
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