Pic

Pic

Monday, February 27, 2012

New Refinance Loan Program Harp 2.0

We are processing the Harp 2.0 Program and are utilizing several Fannie Mae and Freddie Mac lenders (it is important to shop rates versus your current servicer as their rates may be higher than what you will find (as a broker we utilize wholesale rates and can help you shop these rates)). Here are a few updated guidelines for the program: No limit on amount home is “upside-down” -Owner Occupied, Second Homes and Investment Properties allowed No minimum credit score -Must be current on mortgage in past 6 months (one late allowed from months 7-12) Must be Fannie Mae or Freddie Mac owned mortgage (we can help determine) Must be originated prior to June 1 2009 For information please contact me: www.mccormicklendinggroup.com