HARP 2.0 Refinance Program Comes To Hernando County

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Real Estate Agent 276682

What is a HARP 2.0 Loan?

HARP 2.0 Is A Refinance Program That Allows The Refinancing Of Homes Where The Mortgage Balance Exceeds The Value Of The Property.

E Loans Mortgage In Spring Hill FL is offering the HARP.20 Refinance Program in addition to our other Mortgage Products.

What Are The Requirements Of HARP 2.0?

The Loan Must Be Owned By Either FANNIE MAE Or FREDDIE MAC The Loan Must Have Been Closed Before May 31st Of 2009

What Are The Benefits Of HARP 2.0?

Loan To Values For Lending Purposes Can Go Up As High As 125%. In Other Words, You Can Be Up To 25% Negative In Equity And Still Qualify For A Refinance Low Rates!

The Maximum Loan Level Pricing Adjustments Are Only .75%. That Means Its Realistic To Achieve Today’s Very Low Interest Rates Which Nationally Are Averaging Below 4% For A 30 year Fixed Term.

There is No Loan Level Pricing Adjustments On 10, 15, and 20 Year Terms Condominiums Are Eligible!

Condo’s Can Be Refinanced Under HARP 2.0 Up To 125% LTV

Property Inspection Waivers Are Available In Many Cases. This Means An Appraisal May Not Be Required At All!

For More Information About HARP 2.0 Or Other Mortgage Products Contact Us Today:

Steve Fingerman 

President

E Loans Mortgage Inc

4117 Mariner Blvd.

Spring Hill FL, 34609

Office 352-688-7949 Cell 727-946

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                                        Steve Fingerman, E Loans Home Mortgage

Steve Fingerman

President

NMLS #276682

E Loans Mortgage Inc

4117 Mariner Blvd

Spring Hill FL, 34609

Office 352-688-7949 Cell 727-946-0904

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Topic:
ActiveRain Community
Location:
Florida Hernando County
Groups:
Mortgages
Central Florida's Gulf Coast
Tags:
home affordable refinance program
harp 20
harp mortgages in florida
harp refi in spring hill
e loans mortgage

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Rainer
139,717
Jeanne M. Gavish
Jeanne Gavish, Keller Williams Realty Elite Partners - Spring Hill, FL
Keller Williams Realty Elite Partners - CIPS,GRI,S

Sounds like you are on top of things as usual.  Do you have to be current on your underwater mortgage to take advantage of this product?

Feb 15, 2012 01:09 PM #1
Rainer
63,319
Steve Fingerman
Spring Hill, FL
Good question Jeannie, I'll update the post. Must have no more than 1 30 day late in past 6 months, and no more than 2 times in last 12. Minimum FICO 620.
Feb 15, 2012 01:35 PM #2
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2,081,269
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Great information and leav it to Jeanne to ask the right questions! Thanks for the post, Steve!

Feb 19, 2012 11:42 PM #3
Rainer
63,319
Steve Fingerman
Spring Hill, FL

Sorry I did not get back to you right away on this one! Ok so here is the scoop. The program is not designed for homeowners who are in default nor is it for foreclosure rescue. It's for borrowers who have been responsible, but who's homes are underwater and preventing them from refinancing to today's lower rates. Maximum mortgage late payments borrower can have is 1 30 day late payment in past 6 months. Most of the approvals will come in with an appraisal waiver, some may require it based on risk factors. However either way under the HARP 2.0 Program the appraisal will not prevent a borrower from refinancing regardless of value or how much the home is underwater. Hope that helps some, let me know if you have any other questions. I have full guidelines on this now.

Mar 15, 2012 02:33 AM #4
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2,081,269
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

AR MeetUp April 17th........hope you can make it and bring a colleague or two........Tarpon Turtle at 1 pm or a little later if need be.....we will be there for a few hours. If you can come, RSVP to the blog about it posted today.

Mar 15, 2012 11:17 PM #5
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Rainer
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Steve Fingerman

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