HARP 2.0 Wisconsin mortgage home loan refinance with



To determine if you won't need an appraisal your lender will run your application through the automated underwriting system. There is no way to tell whether an appraisal is needed until a complete application is taken & your lender runs your application through the automated system. If an appraisal is needed this program still allows you to refinance your mortgage if your loan to value is over 100%. The automated system just determines if an appraisal is needed or not.


Many people in Wisconsin wanted to refinance and take advantage of todays historically low rates, but are unable due to the recent drop in home values. Harp 2.0 allows you to refinance your current Wisconsin mortgage home loan regardless of loan to value and in many cases an appraisal is not needed. "Freddie Mac & Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligble to take advantage of these changes."


"If your Wisconsin mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP 2.0. If you are upside down and underwater on your current mortgage this is a new program allowing you to refinance your mortgage at todays mortgage interest rates.


"You can determine whether your Wisconsin mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites:





If your home isn't eligible for this program and you have an FHA or USDA Rural Housing mortgage loan contact me today to see if you are eligible for a refinance without appraisal. Unlike conventional loans there is no automated system to see if an appraisal waiver is allowed, there is no appraisal on these programs.


This program just rolled out starting March 17th and many investors are still determining what they will and will not allow. Here are some highlights of the current program.

  • Current loan must be owned by Fannie Mae or Freddie Mac prior to June 1, 2009. See links above
  • No mortgage lates in the past 6 months and only 1 30 day late in the last 12 months
  • Current loan to value greater than 80%
  • No appraisal needed if automated underwriting states appraisal waived. No way to tell until your lender submits your file.
  • Greater than 100% loan to value allowed only with an appraisal waiver when your lender submits for automated underwriting
  • max loan to value is 100% if automated underwriting doesn't accept the appraisal waiver.


This loan gets even better, In addition you will skip a month’s mortgage payment and get your current money in your escrow account back. Use that money to paydown your mortgage balance, payoff other debts, or go on the vacation you’ve always wanted to go on.


Give me a call or apply online to get your no appraisal refinance started today.