The HARP Deal 2.0 – Is Your San Diego County Home Underwater

The HARP Deal 2.0 – Are you underwater in San Diego County California?  One of the main changes with the HARP Deal 2.0 is that loan to value (LTV) is no longer limited to 125%. 

What is loan to value?  Loan to value is your loan amount divided by the value of the home.  Previous versions of the HARP Deal capped this at 105% and 125%.  This was still not enough for many underwater San Diego County California homeowners.

In order to keep our turn times low, The Lending Company is processing Fannie Mae eligible HARP 2.0 refinances up to 150% loan to value.  And we do everything in-house – processing, underwriting, and funding.  Since we are a direct seller to Fannie Mae, we will even service your HARP 2.0 refinance loan.

Great news!  If you purchased your San Diego County California home prior to June 1st, 2009, you may qualify for the HARP Deal 2.0.  This applies to Primary residences, 2nd homes, and investment properties.

Step 1

Verify whether or not your San Diego County California home loan is owned by Fannie Mae or Freddie Mac

Step 2

Are you current on your San Diego County California mortgage?  Fannie Mae will not allow any 30-day late payments in the previous 12 months.  Freddie Mac will not allow any 30-day late payments in the last six months, but will allow one in months 7 to 12.

Not current?  Get current.  The HARP Deal 2.0 is going to run through December 31, 2013, so you hopefully have enough time to get your San Diego County California loan current and stay current.

Step 3

California property owners interested in the HARP Deal 2.0, contact Kevin Kueneke with The Lending Company today by calling (760) 500-1919 or inquire online at: kevinkloans.com

***IMPORTANT NOTES***

To qualify for the HARP Deal 2.0 your underwater San Diego County California home loan must:

  • not be a Government loan (FHA, VA, USDA, etc)
  • must be a 1st lien
  • must not be a Reverse mortgage
  • must not be in default

If you have an FHA or VA loan on your underwater San Diego County California home, you may already qualify for a NO APPRAISAL transaction!  Inquire with Kevin by clicking here

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About Kevin Kueneke

I am a Sr. Loan Officer with The Lending Company in San Diego, California. The HARP Deal is a very important part of the housing recovery, and I want to help you take advantage of this great program. View all posts by Kevin Kueneke

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