Does FNMA own my loan?
Does Freddie Mac own my loan? Directions.
If your loan is owned by either of these entities, you will be eligible for HARP if you acquired your loan prior to 05/30/2009.
As a mortgage banker, I can process these loans in the entire state of California. So feel free to contact me, if you would like.
If your loan is not owned by either, you will not be eligible at this time.
We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
HARP is actually one of the easier loan products to obtain; however, the confusion starts when individual lenders add their own over lays (additional guidelines) to the program parameters set by Fannie/Freddie. As a Direct Lender, my Company has no overlays and we have closed many, many HARP loans that were previously declined by other lenders.
Many lenders cap the loan to value on the program (the most common overlay). I know broker friends whose lender lists cap the program at 125%.
Obtaining a HARP loan is not impossible at all. And, determining if your loan is eligible for this program takes about one minute.
All my best,
"We Listen. We Care. We Deliver."