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My home loan is not eligible for a HARP loan. Are there any other loans out there for

homes that are upside down. I have a conventional mortgage with Carrington Mortgage @6.5 fixed for 30yrs. I really need to lower the payment and %age. Thanks. by lispfi_648_923 from Lake Havasu City, Arizona. Feb 11th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Currently there is nothing available right now, but HARP 3.0, if it ever develops, might be the way to go... If you have a conventional loan now, you could refinance using FHA, but you can only finance 97.75%, and VA you can go 100% of appraised value... if you have sufficient reserves, you could pay down the mortgage and refinance then.. if you don't have the cash, then you're at the mercy of any future programs (HARP 3.0). 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. 480-287-5714 WilliamAcres.com

Feb 11th 2013
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Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

We are all hoping for a HARP 3.0. Stay tuned!

Feb 11th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

HARP 3 may be your solution, if it becomes a reality.

Feb 11th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Did you try and get your loan modified? Don't get behind on your payments, but contact you lender and apply with them.

Feb 11th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Not currently but there is hope for a new option - call your congressman and senator and tell them you need it. Otherwise there are no options other than refinance (only up to 97% Loan To Value) or asking your mortgage company to consider a modification lowering the rate.

Feb 11th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

There is nothing that comes to mind at the moment... Legislation was introduced last week for a possible HARP 3 program. The biggest element of HARP 3 would be that any loan would apply, not just Fannie or Freddie. www.HARP3-refinance.com

Feb 11th 2013
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

I might have your solution for you .. who is your bank/ servicier? i have someone that i can refer you to.. you can email me privately at yourloanpartnerforlife@live.com linda 602 330 1598

Feb 11th 2013
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

please contact me via the phone at 602 330 1598 or email at yourloanpartnerforlife@live.com i have someone that you can talk to and they will be able to assist you

Feb 12th 2013
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