Accidental landlord, looking to refinance investement property, which is underwater in Richmond VA. Any lenders?

Go to Fannie Maes Website and look up the property. If it Fannie Mae the loan Before June 1, 2009 then you can refinance it via a HARP loan.

You may be eligible for HARP through your existing lender or a different participating lender if you:Own a 1- to 4-unit home as your primary residence, a 1-unit second home, or a 1- to 4-unit investment property, and you are making your mortgage payments on time.Choose a fixed-rate mortgage or an adjustable-rate mortgage for your new mortgage. If you choose a fixed-rate mortgage, you can refinance the entire amount of your existing mortgage regardless of the value of your home, but if you choose an adjustable-rate mortgage, you cannot finance more than 105 percent of your home's value*. If your existing mortgage is a fixed-rate mortgage, your new mortgage must also be a fixed-rate mortgage.Choose a mortgage solution that can improve the long-term affordability or stability of your mortgage with the refinance.Mortgage insurance is not required if your existing mortgage does not have mortgage insurance, regardless of whether the loan-to-value ratio (ratio of the amount being borrowed to the market value of the property) is greater than 80 percent on the new mortgage.Since your home is owned by Fannie Mae, you will need to find a participating Lender.

Kadiri_s185 both responses are correct. You can qualify for a Home Affordable Refinance (HARP) on the single family home that you live in, which is Fannie Mae's program instituted by the current administration to help individuals that have no equity in their home refinance to a lower rate. The town home being financed by the VHDA is a problem because most likely it does not qualify for a HARP refinance. You may want to check with VHDA because each state has special programs specifically for its residents.

Louis is correct, the best way to proceed is by calling VHDA first

It's unlikely there are any types of refinance options for VHDA... you can call them, but that would be your only option.. .. 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

depends on who the services is. There very well may be ! please call me (757) 685 3913 or email brad@southerntrust.com