Can you refinance if you owe more then they appraised your home for?

There are programs out there to help underwater borrowers refinance at today's lower rates.. But it depends on which type of loan you have now.. FHA, VA, USDA all have streamline refinance options available without an appraisal.. If you have a conventional loan, and it's currently owned by Freddie Mac or Fannie Mae, and it was initiated prior to June 2009, you might qualify for a HARP 2.0 refinance, where no appraisal will be necessary.. If you want to know for sure, you should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

If your loan is owned by Fannie Mae or Freddie Mac, check this link (http://www.makinghomeaffordable.gov/get-assistance/loan-look-up/Pages/default.aspx) or you have a FHA or VA loan, there maybe opportunities to refinance for a better rate. Please feel free to contact me to discuss your specific loan scenario and best of luck to you!

There are refinance programs available for underwater homeowners. The HARP (Home Affordable Refinance Program) is available for homeowners with a mortgage backed by Fannie Mae or Freddie Mac. If you have an FHA loan or a VA loan, you can refinance through their streamline refinance program.

See the programs offered by these fine forum members.

It depends based how much you owe compared to what your home is worth. It may be possible to do a refi up to a 95% LTV, It can't be done with the HARP 2 program for upside down mortgages unless your loan meets the program's parameters, but that doesn't mean a refi couldn't be done.

Yes, Fannie and Freddie own the loan

Depends on what type of loan you currently have on the home. If the loan is FHA, VA, USDA, or a Fannie Mae / Freddie Mac loan - you have options. www.HARP-Refinance-MN.com