Posted on: 19th Aug, 2013 01:40 am
Hello... I am looking forward to buy a property to rent out. Will I be able to get a HARP loan for it? Many people say I will not qualify.
Hi Corvyy,
Yes, you will not qualify for a HARP loan to buy a property. Moreover, even if you wish to qualify for a HARP later on, you should be the primary resident of the property.
Take care
Yes, you will not qualify for a HARP loan to buy a property. Moreover, even if you wish to qualify for a HARP later on, you should be the primary resident of the property.
Take care
Hi Corvyy!
Welcome to the forums!
It should be noted that you will be able to qualify for HARP when you are current on your mortgage payments but your property value has tanked. This is a refinance option and not a home-buying option.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
It should be noted that you will be able to qualify for HARP when you are current on your mortgage payments but your property value has tanked. This is a refinance option and not a home-buying option.
Feel free to ask if you've further queries.
Sussane