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Check rates for refinancing upside down mortgages today. Act now and get a free personal quote from a HARP lender.

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Upside Down Mortgage Refinance

For the first time in history lenders are offering upsidedown mortgage loans to people who need underwater loan refinancing. In the last five years, millions of homeowners have suffered from negative equity that has made refinancing impossible until now. Fannie Mae and Freddie Mac worked diligently to create a program to facilitate an upside down mortgage refinance for distressed homeowners that have been sabotaged by deteriorating market conditions. They announced the Home Affordable Refinance Program that is often referred to as "HARP 2.0." Get a no cost refinance quote from one of our HARP lenders now.

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If you have an "upside down mortgage" you may be eligible for the HARP loan, but your current lien must be owned by Fannie Mae or Freddie Mac. These government sponsored entities own about 90% of the home loans that have closed in the last 10 years, so there is a good chance you may be eligible. There are a few other underwater mortgage refinance alternatives if you do not meet the HARP profile. The streamline program also approves upside down refinance loans to customers that already have an FHA or a VA loan.

Find Fixed Underwater Mortgage Rates

Get a no cost loan quote today for an underwater mortgage with a low fixed interest rate. Many of our customers have recently closed an upside mortgage refinance with competitive fixed rates. Shop lenders that provide no lender fee options as well, so discuss your goals with one of our reps today. Nationwide Mortgages delivers the negative equity solutions for distressed homeowners across America.

Underwater Mortgage Refinance Highlights

  • No LTV Limits or Restrictions with the HARP Mortgage FHA Loan Amounts range from $271,000 to $700,000 (based on HUD high cost limits in county)
  • No Cost Options
  • Cash Back Not Allowed on the Upside Down Mortgage
  • DTI Limits range from 36- 43%depending on program
  • Documentation - Full or Limited with Streamline
  • Streamline and HARP mortgage rates are competitive with conforming interest rates.
  • Processing times range from 2 to 4 weeks!

Upside Down Mortgage

Shop HARP lenders that provide several solutions for upside-down mortgage refinancing. Compare HARP and FHA relief programs now before they expire.

Affordable Refinance Solutions for Underwater Mortgages

You will be happy to know that Nationwide specializes in helping homeowners find refinancing solutions for upside-down mortgage situations. Our rates are low and our customer service is second to none.

Apply Online or Call our Friendly & Experienced Loan Department for a Free Quote

- Check with loan officers daily as rates on upside down mortgages are subject to change. - Loan pricing may vary upon state, credit score and income documentation. Eligibility for the streamline or HARP 2.0 is required for all negative equity refinancing. The "rates under 3%" mentioned on this page was for a 250,000 at 2.75% on a 15-year term with a monthly payment of $1,696.55. The rate on this page would be with $995 in closing in costs paid at closing. The APR is 2.89%. (9-13-13 680 fico on both rate assumptions)

This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. See Privacy for Details. Nothing on this web site contains an offer promise either to make an upside down mortgage or that any participating HARP lender will guarantee an approval for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

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