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Any HARP 2.0 Refi in OH w/ EA2 Approval???

Profile picture for JamesTheLion
So, I have been trying to get refinanced under HARP.  I meet all the requirements, and have (unfortunately) dealt with a few different mortgage lenders.  I finally had one tell me truthfully why they couldn't help me.  Apparently, when they put my information in I receive an EA2 approval rather than an EA1.  I have paid down my credit cards a bit more, and my Credit Score should be above 650 (my mid-score was 650 last month), which I know is not great - but I am surprised I just cant get any traction.  Does ANYONE know of a lender in OH who will do a Harp Refinance, and will accept an EA2 approval.  I can't deal with another company that won't be honest, since I had three or 4 pull my credit score last month, and that is NOT helping my score.

Thoughts?
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June 07 2012 - Cleveland

Replies (4)

CMG Mortgage accepts EA2 approvals as long as the automated approval findings give you an appraisal waiver.   Do you know if any of the past lenders you spoke with mentioned that an appraisal was required or not?

If no appraisal is needed, try CMG.   It will take them about 60-90 days to close your loan, but at least they may do it.
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June 07 2012
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Wow, thanks!  I am pretty sure they were not going to need an appraisal... but I'll have to check my notes.  That's a long turn around time, but I guess that is better than nothing!

Thanks, again!
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June 07 2012
CMG does a lot of HARP loans that other lenders will not touch. (as you discovered already)   Because of this, they have a TON of loans submitted to them and are super backed up.   That is why it takes so long.

Good luck to you! Hopefully you can take advantage of HARP to lower your rate and payment.
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June 07 2012
Profile picture for user930332
Hi James

I am almost done refinancing and am an EA 2 and an appraisal was required.  I found a lender...Embrace Home Loans.  They have been the lowest rate I found and the man who is helping me is named Bob.  He is very knowledgeable about HARP 2.0 and very friendly and attentive.  In case you want to give him a call his number is 800-333-3004  Ext 3039.  I am not associated with him in anyway, I've just had a great experience with him....and I have not with other people i've talked with. 
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June 13 2012
 
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