Kansas HARP Mortgage LoansKansas (KS) is recognized as the 15th most extensive and the 33rd most populous of all 50 states in the U.S. with a growing population of 2,853,118. Just like any state in the U.S., the number of homes with negative equity has been a familiar trend.

Negative Equity share for the past three years according to CoreLogic (Analysis and Business Services) was at 10.7 percent during the last quarter of 2011 and has since decreased to 10.4 percent by the last quarter of 2012, as of May 2013 the negative equity share for Kansas as a state alone had a continued decrease over the past few months down to 9.1 percent, indicating a slow-paced and small amount of improvement in negative equity share as a state. With a large population in existence within a state, there are sure to be more homeowners, and with more homeowners there can also be an even bigger possibility of foreclosures happening.

In a recent report released by the Federal Housing Finance Agency (FHFA) as of May 2013, the refinance volume showed that 9,318 properties have filed for the Kansas Home Affordable Refinance Program (HARP) since the inception of the program in order to save their negative equity homes, out of those properties about 105 had a Loan-To-Value greater than 125 percent.

The Home Affordable Refinance Loan is a program (HARP)(now known as HARP 2.0 or the Obama Refinance Program)was established in April of 2009 by the Obama Housing Administration. The HARP Refinance Program is designed to assist responsible homeowners in Kansas by refinancing their mortgage when the value of their home has declined, with recent revised eligibility requirements, most KS homeowners are able to refinance their current mortgages even with a Loan-To-Value (LTV) exceeding 125 percent.

Top Cities To Live In Kansas Based On Population/h2>

  1. Kansas City
  2. Lawrence
  3. Olathe
  4. Overland Park
  5. Shawnee
  6. Kansas
  7. Topeka
  8. Wichita
  9. Manhattan