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My current mortgage is owned by my credit unioin not freddie or fannie. I am underwater, Principal

My current mortgage is owned by my credit union, bot fannie or freddie.  Is there anyway that I can use the HARP program.  I have excellent credit, but am underwater by $30,000.  My current interest rate is 5.75%.  Any help on a refinance or HARP Guru would be greatly appreciated.
  • May 15 2012 - Gaithersburg
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Answers (2)

There is actually some talk about a HARP 3 which would include loans like yours that were not purchase by FNM or FRE. There are also some other programs that do not take your LTV into account, but need more info, definitely do not give up hope. 
  • January 03 2014
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HARP is only available for loans owned by Fannie or Freddie.
  • May 15 2012
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