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Mortgage Blog

Qualifying details for HARP 2.0 mortgage

June 19th, 2012 4:48 PM by Michael and Jill Kohler

Qualifying details for a HARP 2.0 mortgage

Mortgage must be current last 12 months, owned by Fannie or Freddie Mac prior to June 2009.No LTV restrictions if new term is 30 years or less. If ARM, 105% LTV restriction. You must have less than 20% equity in the property. No Jumbo or Alt-A mortgage loans. No VA loans, FHA loans, Ginnie mae, etc. Harp 2.0 mortgage rates similar to conventional mortgage rates.   Can do Harp 2.0 mortgage loan through approved Pa mortgage lender. 

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Posted in:General and tagged: Pa Mortgage rates
Posted by Michael and Jill Kohler on June 19th, 2012 4:48 PM

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