Is anyone having luck with a HARP refinance?

Asked by Davidmoran, Tucson, AZ Tue May 22, 2012

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Joseph Small, , Tucson, AZ
Thu Dec 13, 2012
I have not had any issues. We (CMG Mortgage Inc) are a Direct HARP loan lender, so we do all of them. Fannie, Freddie, w/MI, w/2nd liens, manufactured homes, investment properties..

Joseph Small
Sr. Loan Officer
AZ LIC LO-0919258
NMLS 380188

HARP site:
0 votes
Ron Hutchings, , Tucson, AZ
Sat Jun 30, 2012
Yes, I was able to refinance under Harp II. This is very encouraging. I am a self employed Realtor serving Tucson, Vail, Marana, Oro Valley, and the Catalina Foothills.
Ron Hutchings
RE/MAX Catalina Foothills
(520) 907-8821
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Jason Coleman, , Phoenix, AZ
Thu Jun 7, 2012
We are closing Harp 2 loans with no overlays in about 2 months. You can reach me at
Jason Coleman
Lo 0912248
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Mom, Renter, Tucson, AZ
Thu Jun 7, 2012
We refinanced our home and are saving $500 per month. Our loan was through Wells Fargo and took about 6 months to complete. You need to have your paperwork in order. It was well worth it.

Thanks to President Obama!
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Closed, , Tucson, AZ
Fri May 25, 2012
I work for Wells Fargo Home Mortgage and we are doing HARP loans. I will agree that it is harder to do them when you have mortgage insurance on your loan. Please contact me if you have any questions.
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Bill Parker,…, , Scottsdale, AZ
Tue May 22, 2012
Hi David:

There is all kinds of luck...:)

I have closed one; I have another signing today and two tomorrow, so they are starting to come out of the underwriting assembly line. I have probably another dozen in various stages of underwriting.

There is no question it is not being implemented in the spirit it was intended by the administration. The Big Banks are making it as difficult as they can for independent lenders to take care of people who feel trapped by the Big Banks. They are charging higher interest rates, not allowing the loan-to-values HARP 2.0 was suppose to offer, etc., etc. BUT, there are lenders out there who are implementing it was intended. You just need to find a mortgage banker or broker who works with these specific lenders.

Is there some particular problem you are encountering with which we could help you?

Bill Parker, MLO
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Spirit Messi…, Agent, Tucson, AZ
Tue May 22, 2012
I have heard mixed results & there are some restrictions that apply. My advice is to speak with a local lender to find out, I can recommend Paul Volpe, Vice President at Nova Home Loans (520) 241-4048.

Best of luck.
Spirit Messingham, Realtor
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Jim Kenny, , Tucson, AZ
Tue May 22, 2012
I've already closed several & have a bunch in process.
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Jason Coleman, , Phoenix, AZ
Tue May 22, 2012
I am! It takes a while because underwriting is so backed up. Some places are requiring appraisals but not all. Our in house requires appraisals but we have brokerage options at Peoples Mortgage. If you have any questions feel free to email or call!

Jason Coleman

Peoples Mortgage
Senior Mortgage Specialist
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