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Can I get a loan modification for an investment property?

Home is seriously underwater.

Current BOA loan. They are no help.
  • July 27 2011 - Vergas
  • 0Yes

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Answers (1)

Yes - Fannie Mae "DU Refi Plus" and the Freddie Mac "Open Access" programs allow you to go 105% loan to value and up to 110% Combined Loan to Value on investment property refinances.

FHA offers a Short Refi program as well.

These programs are commonly referred to as the HARP programs. 

The best place to start is contacting the mortgage company that holds your current loan and see what programs they offer.  Then if Refinancing is an option you can look for lenders in your state that offer the HARP programs.

Good Luck !!!
  • July 27 2011
  • 0Yes

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