If you're underwater on your Fannie or Freddie Mac conventional mortgage on your manufactured home, you may be eligible to refinance without paying down principal and without having to pay mortgage insurance.

Call us at 800 315 8803, we offer manufactured home loans NATIONWIDE. Ask for Bart Gabe, he has been lending on manufactured homes since 1987 or visit him at www.bartprequalifies.com

Here are the bullet points of the government's current HARP refinance program:

HARP was started in April 2009, and is known by different names. The government calls it HARP, AKA Home Affordable Refinance Program.

The program is also known as Making Home Affordable, the Obama Refi, A Better Bargain For U.S. Homeowners, Open Access, DU Refi Plus, Relief Refinance etc.In order to be eligible for the HARP refinance program :

1.Your manufactured loan must be backed by Fannie Mae or Freddie Mac.2.Your current mortgage must have a note date of no later than May 31, 2009

If you meet these two criteria, you may be HARP-eligible. If your mortgage is an FHA, USDA, VA or a jumbo mortgage, you are not HARP-eligible; however, you still have other options to refinance your underwater manufactured home loan.

If you have a VA loan on your manufactured home, you can do VA IRRRL loan or if you have an FHA loan on your manufactured home, you can do a FHA Streamline loan.We offer each of the above mentioned loan programs on manufactured homes, nationwide. Call us at 800 315 8803 or visit us at www.bartprequalifies.com to discuss your loan scenario, because each program has their own guidelines AKA rules.

In addition to those guidelines, here are some the things we look for in order to lend on a manufactured home:

oClient must own the land and property. (Land can be owned separately from the property.)oProperty must be on a permanent foundation at the time of the loan closingoIf you have well and septic, they must be at least 50 feet apart and 100 feet from the houseoProperty must be a double wide or largeroProperty must be built after June 1976oProperty cannot have moved more than onceoClient must have a 620 middle credit or higheroNo late payments on the mortgage in the past 12 months with the exception of a VA loan, because they allow 1 late payment a yearo80K or $80,000 minimum loan amount

In order to determine if you are eligible for a manufactured home loan, please call us at 800 315 8803 or visit us at www.bartprequalifies.com