cancel
Showing results for 
Search instead for 
Did you mean: 

Need some help with HARP 2.0 questions...

Valued Contributor

Need some help with HARP 2.0 questions...

Trying to help a relative who is looking at refinancing using the HARP 2.0 program. They have a 6.75% rate now, no missed payments ever on this loan, loan is from 2007 and is a Fannie Mae loan. 

They do have a short sale on a different property from 26 months ago that had missed payments on it. Current credit score is in the low 700s. 

 

Is DTI taken into consideration with a HARP refi? Are there closing costs and do they get rolled into the loan? What about mortgage insurance?

 

Thanks for any help.