Lenders are always changing the overlays the accept for certain loans and today one particular lender of mine introduced the first true "Unlimited LTV" that I have seen for Freddie Mac HARP 2 since it was released back in March of 2012.
However, there are some catches to obtaining the true "Unlimited LTV" which include a credit score of 680 or better and a debt to income ratio of under 45 perccent. If you dont meet these guidelines with this particule lender they are still able to help you up to 105 percent LTV.
Of course your loan still needs to be owned by Freddie Mac before June of 2009 and you must recieve an Accept from Freddie Mac's automated underwriting system.
If you have private mortgage insurance we can help with just about every PMI company out there and most types of borrower paid and lender paid mortgage insurance.
Pricing becomes available just in time for Valentines Day February 14th 2013 and loans must have a settlement date on or before September 30th, 2014.
This opens a lot of doors to some Freddie Mac home owners who have been turned down for a HARP 2 refinance in the past due to LTV issues.