What are the PMI requirements for Harp loans.

Generally you will have the same cost as you do currently unless a new appraisal shows a lower is required.

If you have PMI now, it will be on your new loan, if you don't have PMI, then no PMI will be required regardless of your loan to value. But, if you are doing an appraisal, and the new value puts you at or below 80%, then you ditch the HARP route and just do a regular rate and term refi, and no PMI would be required. 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