Looking to refinance

You may be able to do an LPMI program. Do you know the value of the home?

There are a lot of different options for refinancing besides the HARP program.

In mortgage planning I work with borrowers to look at all possible options. If we cannot get them a rate and monthly payment that truly makes it worthwhile to refinance, I turn to my long time skills in assisting them with negotiations for credit deletes (no admission to the old debt) and other ways my credit rescoring tool assists me in getting the credit scores one must have to get the rate and cost that are worthwhile. We do have among the lowest rates/costs for most lending programs. I would be happy to assist. Just contact me via my profile.

If you are "underwater" on your equity, and you don't qualify for HARP, you may consider a "cash-in refinance" if you have enough money saved up to pay down your mortgage balance to a loan-to-value acceptable to lenders.

More info is required to answer your question.. But in general, You don't need to have a Fannie or Freddie loan to refinance, only to refinance using HARP.. the benefit to HARP refinancing is that in most cases, there is no appraisal required and if you are underwater, then you can still refinance.. If you have 5% or more equity, you can do just a regular rate and term refinance assuming you meet all other eligibility requirements.. I'm a preferred Lender with Arizona and California being my primary markets. 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893