Fannie Mae & Freddie Mac extend HARP Refinance program into 2012 for Washington homeowners

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035

Fannie Mae & Freddie Mac extend HARP Refinance program into 2012 for Washington homeowners - HARP -Home Affordable Refinance Program for Conventional Conforming loans.

The Regulator for Government run Fannie Mae and Freddie Mac has authorized a 1 year extension on the HARP Refinance initiative until June 2012 for Washington Homeowners.  This is also called the Home Affordable Refinance Program.   This program allows Washington homeowners with loans currently owned by Fannie Mae or Freddie Mac to refinance with expanded qualifications such as reduced appraisal requirements, higher Loan to Values allowable, reduced income documention, etc.

The Fannie Mae program is called Harp, Refi Plus or DU Refi Plus.  This program allows several benefits to refinance:

> allows you to refinance your mortgage up to 125% of your current value

> allows for reduced income and asset documentation (definitely not stated income however)

> allows for appraisal waivers in some cases, saving you the time and expense of an appraisal

> allows you to take advantage of the low interest rates while they last!

> your current loan must have been delivered to Fannie Mae before June 1, 2009

The Freddie Mac program is called the Freddie Mac Relief program - Open Access.  This program allows several benefits to refinance:

> allows you to refinance your mortgage up to 125% of your current value

> allows for reduced income and asset documentation (definitely not stated income however)

> allows you to take advantage of the low interest rates available now!

> You are not restricted to using your current lender on your loan to complete your Freddie Mac Relief Refinance - We can help.

> your current loan must have been delivered to Freddie Mac before June 1, 2009

VanDyk Mortgage is your Direct Lender.  To get started, contact us at 760-752-4480 (Brian Skaar Direct), or apply online at www.vandykfunding.com.

 We proudly serve the following Cities in Washington: Auburn, Bellevue, Bellingham, Bonney Lake,Bothell, Bremerton, Edmonds, Everett, Federal Way, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Monroe, Mukilteo, Puyallup, Redmond, Renton, SeattleSpokaneTacoma, Vancouver, Wenatchee, Woodinville, Yakima 

 

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Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
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