There is a change in the HARP loan program going into effect November 16th, 2013.
For those of you who just missed a HARP refinance – there’s new hope!
Previously HARP was only available to homeowners whose mortgages were sold and securitized on, or before, May 31, 2009.
Now loans are HARP eligible if their start date (the date on the mortgage note) was on or before May 31, 2009.
If you aren’t sure if your loan qualifies – contact me and I’ll check it out for you.
Here are a few of the highlights of the HARP program…
1) No minimum credit score required!
2) No max LTV on fixed rate loans!
3) 1 to 4 units (owner occupied, or NON OWNER OCCUPIED)!
4) No maximum LTV!
5) Subordination of eligible junior liens without a max combined LTV – for all occupancy types!
6) No limit on the number of financed properties!
7) Available on manufactured homes!
So, if you have a Fannie Mae loan, and are currently upside down on your home – give me a call or shoot me an email! …I just might be able to help you out!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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