HARP 2.0 GUIDELINES

HARP 2.0 GUIDELINES:

March 22nd, 2012

Below are my official guidelines for HARP 2.0 Lending.  Not every lender has the same guidelines, so just because you don’t qualify with one does not mean you do not qualify with another.

Remember that you can not qualify for a HARP loan without your loan being backed by FANNIE MAE or FREDDIE MAC, and you must have taken the loan out before May of 2009 – no exceptions.  To find out if you are backed by FANNIE MAE or FREDDIE MAC, please follow the links below the guidelines.

HARP 2.0 GUIDELINES:  
FANNIE MAE DU REFI PLUS II
OCCUPANCY MAX LTV MAX CLTV w/2nd
PRIMARY 150% Unlimited
SECOND 125% 125%
INVESTMENT 105% 105%
 
FREDDIE MAC RELIEF OPEN ACCESS II
OCCUPANCY MAX LTV MAX CLTV w/2nd
PRIMARY 105% Unlimited
SECOND 105% Unlimited
INVESTMENT 105% Unlimited
* If loan is serviced by Flagstar – We can loan 125% LTV/CLTV on all occupancies

FANNIE MAE AND FREDDIE MAC LOOK UP: 

FANNIE MAE: http://www.fanniemae.com/loanlookup/

or

FREDDIE MAC: https://ww3.freddiemac.com/corporate/

HARP 2.0, Barrack Obama, Updated HARP, New HARP, New HARP guidelines, DU REFI PLUS, FANNIE MAE, FREDDIE MAC FORECLOSURE RELIEF, freddie mac open access, December 2011, Freddie Mac, No appraisal refinance, unlimited ltv, underwater, upside down, no equity, no appraisal refinance, Unlimited combined loan to value, 125% ltv, 105% ltv, 150% ltv, March 2012.  Refinancing for Arizona, Colorado, and California.

HARP 2.0 GUIDELINES

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