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Who is offering new Obama refinance plan now?

My home value is underwater quite a bit like its value is 410 K according to Zillow and my loan amount is 500 K  (primary and home equity combined )  and interest rate I am paying 5.375 % and 5 % respectively. Who can offer me a refinancce now?
  • November 12 2011 - Santa Clara
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Answers (2)

here's the free analysis:

if you got the primary loan after May 2009 and its a conventional loan you won't be eligible.

If the primary mortgage is a conventional mortgage greater than $417,000 and you got it before 2008 or after May 2009, you won't be eligible

If its FHA or VA you can do a streamline refinance (FHA) without an appraisal or a VA IRRRL (without an appraisal),

In all scenarios, you won't be able to include the home equity loan.

  • November 12 2011
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The new expanded HARP (Home Affordable Refinance Program), also called Obama Refinance Plan is not official yet. The exact guidelines would be available in another week or 2 and lenders should start offering the program in week 1 or 2 of December. 

We would be offering it too the moment its available and would be glad to do a free analysis of your situation to see if you would qualify per the new guidelines.
  • November 12 2011
  • 1Yes

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