Market Conditions in 85032>Question Details

carol hilton, Home Owner in 33146

I have 2 loans on the same house one conv.2nd balloon 8.875% the other30 yr conv adj rate mort3.875% I tried to get the HARP but I don't qualify

Asked by carol hilton, 33146 Sat Aug 30, 2014

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Have you checked with a lender to see if the value of your home has increased above the amount that you owe so that you can do a conventional refinance? If you need a couple of names and numbers for lenders, just let me know and I can send you some contact information.
0 votes Thank Flag Link Thu Jan 1, 2015
Most homes that don't qualify for the HARP loan have been purchased or refinanced after June of 2009. You can't do a Harp loan twice on the same house btw. I know its a stupid rule but it is a hard rule...

HARP loans do not allow the combining of first and 2nd loans together because that would be considered a cash out loan..

Some lenders allow you to subordinate the 2nd mortgage or HELCO which means to leave it in 2nd position. Some lenders won't allow a 2nd mortgage....

There are a lot of odd rules and nuances to the HARP loan that vary from Bank to bank so, give me a call and I can scope out your scenario and point you in the right direction.

858-805-5347 or

or apply on my website
0 votes Thank Flag Link Fri Nov 28, 2014
Could you please give me more information on the reason for not qualifying for HARP refinance. There are options on some of the cases but I would need more information to look at options.

0 votes Thank Flag Link Sat Aug 30, 2014
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