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my mortgage company said they are not autherized to do a HARP lian in my state, how do I proceed?
Asked
10 months ago
Amy Mae
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First question is whether they are just a servicer, or if they even write loans at all. You are not required to go through your current servicer to do a HARP loan, although sometimes they have more relaxed guidelines on equity, appraisals, and income documentation needed. Of course, lenders also often charge higher rates to these clients since the borrowers may not have other options. Many loans are now serviced by companies that do not write loans, leaving their clients with no choice but to find a new lender who will do their loan. I write HARP loans for clients from many lenders all the time, as do many loan officers. We just have a different set of guidelines to deal with, some loans will meet those stricter guidelines while others won’t. If you need more info on HARP loans, be glad to discuss your loan with you!
Ted 314-740-0004
I write HARP loans for other lenders. We are licensed in all States. I would be happy to work with you. Joanna 312-307-2787.
talk to another lender, you dont have to go to the same lender in most cases
You’ll want to find out if your loan was backed by Fannie Mae or Freddie Mac as there are different rules for HARP loans depending on which took your loan. Go to http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx and you can enter in your address to see which of those two has your loan.