3) Make sure your loan funded and closed PRIOR TO June 1, 2009. If you are unsure who owns your loan call Gary at (909) 816-1141 2) You must not have had any late payments on your mortgage in the last 6 months and/or no more than one late on your mortgage in the last year. Steps to HARP Refinance 1) Determine whether your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac by visiting their respective Loan Lookup Tools. HARP 2.0 Stats Gary Schwary NMLS # 258980 South Pacific Financial #8588 Gary Schwary NMLS # 258980 South Pacific Financial #8588
HARP 2.0 Eligibility The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009. The current loan-to-value (LTV) ratio must be greater than 80%. The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
