During earlier versions of the HARP program, strict LTV (loan-to-value) limitations prohibited many homeowners from qualifying. However, the current program allows homeowners to refinance into a fixed-rate mortgage regardless of their LTV. They can opt to select an ARM if their LTV is no more than 105%.
You could qualify for a HARP refinance even if your loan has been modified (as long as the original loan meets the qualification requirements). Investment properties, second homes, and condos are also eligible for the program. You can often refinance into a shorter term loan, saving even more money.
During earlier versions of the HARP program, strict LTV (loan-to-value) limitations prohibited many homeowners from qualifying. However, the current program allows homeowners to refinance into a fixed-rate mortgage regardless of their LTV. They can opt to select an ARM if their LTV is no more than 105%.
You may be eligible for HARP if you meet all of the following criteria:
Call us now to take advantage of this exciting program from the Departments of the Treasury & Housing and Urban Development.