I can't find any bank that will refinance both my 1st and 2nd mortgages into 1 loan. Combined LTV is 100%. Please help!

You won't find a lender that's willing to take that kind of risk - no equity. However, if your 1st mortgage qualifies for a HARP refinance, you could potentially refinance just the 1st.

If you go FHA, they will allow 97.75% LTV with a rate and term refinance even though there's a 2nd being combined, however FHA has very expensive mortgage insurance as well as a 1.75% upfront charge (which can be financed). Otherwise, conforming looks at a first and 2nd combining into one first mortgage as a "cash out" transaction and 85% would be your maximum, and you would still have to pay monthly mortgage insurance. If you don't combine your first and 2nd, you can go unlimited LTV on the first, and have the 2nd subordinate. .. 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

There probable in none

You would likely only find a lender to go to 85% LTV on a cash out refinance, because that's what it would be considered.

The highest you will find is 85% LTV out there on an FHA loan.

It all comes down to too much risk. Regardless of how safe you feel it is, remember that a lender considers your loan safest at 80% loan-to-value... That is the point where they no longer require mortgage insurance. If it wasn't for mortgage insurance, no one would get a loan over 80%

Generally the highest a lender is willing to go is 85% LTV. It is very unlikely that you will find one that is will to take the risk of 100% LTV.

As others have stated, the maximum you can obtain in today's market is 85% LTV.

85%

Gina: Just look it up here yourself: https://entp.hud.gov/idapp/html/hicostlook.cfm If your lender doesn't know what your county loan limit is, and has to "work on it," run the other way. It's not rocket science.

Fannie/Freddie are conventional loans and you can't use this to refinance because of their max CLTV, Only FHA may be possible. You can contact me via my profile and I can better answer your questions.