it's a fannie loan so i know it's possible in that respect, but does it have to be a primary res or second home? by diann_coup98734662 from Bayonne, New Jersey. Apr 10th 2014
YES.. assuming that your loan is HARP eligible, the fact that it's a rental should not matter.. understand that not every lender will allow for rentals to be refinanced under HARP.. so you might have to shop around.. for this reason I suggest you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Yes, you can refinance investment/rental properties as well as second homes under the HARP program just so long as other qualification requirements are met.
Yes, HARP does cover investment properties. In addition to it being Fannie Mae the last time you received financing on the property has to be prior to June 1st 2009. I would contact a local loan officer and have them go over all of the requirements with you so you can get a true pre-approval. HARP can be a great loan on an investment property. Best wishes, Sean
Yes they are eligible. Remember, only loans sold to Fannie Mae and Freddie Mac before summer of 2009 are HARP eligible.
Yes, we offer HARP loans on investment properties. Call us at 977 979 4100. Jamie Lynne NLMS 858582 - Lending Nationwide Since 1989 - www.bartorequalifies.com - jamie@bartprequalifies.com
Yes, we offer HARP loans on investment properties. Call us at 973 979 4100. Jamie Lynne NLMS 858582 - Lending Nationwide Since 1989 - www.bartorequalifies.com - jamie@bartprequalifies.com
Ask our community a question.