Why I am not eligible for HARP?

That's a tough one.. The reason you loan does not qualify is that your loan was not initiated prior to June of 2009. If you refinanced, in December 2009, then you used HARP 1.0, and under the guidelines, it's "one and done". So here are your options.. If you are eligible for VA financing, you can refinance using your VA benefits, and bring the necessary cash to the table to bring your loan balance down to the appraised value. You can also refinance using FHA. The maximum Loan to Value is 97.75%. So again, if your home doesn't appraise for what you owe, you would have to bring cash to the table. Your third option is to wait for the value to increase. Here in Arizona, values have consistently gone up over the last 90 to 120 days... once your property is worth what you owe, you can take advantage of VA or FHA as stated earlier without having to bring cash to the table.. The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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. 480-287-5714 WilliamAcres.com

Would need more information to accurately answer your question. With the HARP loan there are more qualification factors than just having a loan that is owned by Freddie or Fannie. What was your credit score and your debt ratio? I would be happy to help you. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Hi Jeremy I do not do those loans but I have a very good friend of mine that does and I refer these loans to him and I called him about this and he stated to me should be no problem so unless there is another reason why this does not make much sense. So call me at 508 802 0935 and or email me at robertoliveira51@gmail.com and I will put you in contact with him as he is doing a lot of these HARP loans with no issues and he is doing my personal loan under this as well. As my bank does not offer these HARP programs. Thank You Robert Oliveira