Do you have a loan that is currently being serviced by Freddie Mac?  Arizona Wholesale Mortgage Inc. has lenders that offer the true Harp 2.0 loan with unlimited loan to value ratio.  Remember Freddie Mac’s LP system will not approve any loan with a debt to income ratio higher than 45%.  Lp also does not like any credit card balances that exceed 50%  of your available credit balances.  Call Arizona Wholesale Mortgage Inc. for more information. Arizona Wholesale Mortgage Inc. offers the following loan products:  Fha Loans  203 K Loans  Reverse Mortgages  Conventional Loans  Conforming...

Today is April 13th, 2012. For those of you who had a Harp 2.0 loan in with Icon with an EA Level 2 or EA Level 3, your loan is now officially denied by Icon Residential.  If your loan had an EA Level 1 and your loan had already been submitted to underwriting & locked, than Icon Residential will honor that approval.  If you had an EA Level 1 but your loan was not locked than your loan has been official denied or cancelled.  Call it whatever you want.  Bottom line is Icon Residential is no longer taking on any risky loans.  What a bummer for all of us.  Seriously though, “How could they...

Yesterday Icon Residential announced the following on their wholesale lending side: DU Approval Eligibility and LTV/CLTV Icon is revising its guidelines regarding approval eligibility and LTV/CLTV as follows: Only “Approve/Eligible” DU Findings will be accepted, and The maximum LTV/CLTV will be limited to 150%. Effective immediately, Icon will no longer accept locks for loans that have: An Expanded Approval (EA I, EA II, or EA III), or An LTV/CLTV > 150%. Icon is also making additional guideline changes as detailed below. Loans > 125% LTV with a Property Inspection Waiver...

Today is April 12, 2012.  Turn times for Harp loans are still moving very slow.  However, it is definitely worth the wait.  As you know not all lenders are transferring Mortgage Insurance  or should I say probaby know how to transfer Mortgage Insurance with different MI companies.  Don’t worry we are lined up with a company that can transfer over mortgage insurance to any company.  The turn times are definitely slow but they will get the job done. Arizona Wholesale Mortgage Inc. offers the following loan products:  Fha Loans  203 K Loans  Reverse Mortgages  Conventional...

Have you been thinking about refinancing your conventional loan but didn’t want to pay mortgage insurance?  Give us a call we may have a new program if you meet the guidelines.  Unfortunately, the guidelines are too complex to list them all on this site. Arizona Wholesale Mortgage Inc. offers the following loan products:    Fha Loans  203 K Loans  Reverse Mortgages  Conventional Loans  Conforming Loans  NonConforming/Jumbo Loans  Va Loans  FannieMaeHomePath  Fannie Du Refi Plus  Freddie Mac Relief Refi  Obama Refinance Program- Harp 1.0 & Harp 2.0 When considering your...