HARP 2.0 Principal Reduction Lender
I wanted to share with you that I’m closing a client using the HARP 2.0 and Principal Reduction program. The client was award the full $100,000 from Arizona Department of Housing. The HARP 2.0 allows people that are upside down (You owe more on your home then what it is currently worth) to refinance at today's lower rates. Do 
you want to lower your mortgage payment and reduce what you owe on the home. I can help you achieve this refinance, so you can use both of these programs. The Arizona Department of Housing “Save Our Home AZ” program will allow you to receive up to 100K to reduce your mortgage. You will need to work with them to get your Certificate of Eligibility, because I will need this document to process your refinance. Listed below are the Qualifications for Save Our Home AZ HARP 2.0 Principal Reduction program:
- Max Program contribution is $100,000
- Homeowner’s loan must be owned by Fannie Mae or Freddie Mac.
- Household Income may not Gross 150% of Area Median Income.
- Eligible Properties may not have an outstanding mortgage(s) in excess of 150% of purchase price.
- Property must be the homeowner’s primary residence.
- Current Loan to Value (LTV) or Combined Loan to Value (CLTV) must be more than 120%.
- Principal reduction target of 100% LTV after HARP 2.0 refinance.
- Assistance will be provided without a lien.
- Unsecured promissory note signed concurrently with HARP 2.0 refinance.
- May be combined with Second Mortgage Settlement Assistance up to $16,500 or 40% of outstanding second mortgage balance.
Do not wait on starting on your refinance for HARP 2.0 Principal Reduction. The HARP 2.0 program is set to expire on 12/31/13. Start the Loan Process NOW!
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