I suggest you contact Carolyn Hardy at 941.907.9595. She is a highly qualified mortgage professional who is trustworthy. Those are rare, trust me. I do not know how your MIP will affect your qualification.... This is my understanding of the HARP program...
The HARP Home Affordable Refinance Program is for those who are not behind on their mortgage payments but have been unable to get traditional refinancing because the value of your home has declined. HARP is designed to help you get a new, more affordable, more stable mortgage. HARP refinance loans require a loan application and underwriting process, and refinance fees apply.
You may be eligible for HARP if you meet all of the following criteria:
â€¢The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
â€¢The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
â€¢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.
â€¢The current loan-to-value (LTV) ratio must be greater than 80%.
â€¢The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 12 months.
This is my understanding of the program, however, again, I am a REALTOR not a Mortgage professional. I suggest calling Carolyn at your earliest convenience.
Blessings, Peace, Love & Blue Skies,
Trish Chandler, REALTOR
Michael Saunders & Company
941.306.9533 Direct Line