What are some non fannie mae mortgage refinance options for people who are upside down?

If you are upside down and do not have FHA, Fannie Mae or Freddie Mac that is eligible, your only options would be for your servicer to refinance you under HAMP, which is a loan modification. Go over your options with your current lender.

James, we may be able to assist with some different options, depending on your current mortgage. Feel free to contact me and we can discuss these options. Jeff@MortgagesforAmerica.org

There are no other mortgage or refinance options, you can apply with your lender for a loan modification. That being said you may want to speak with an attorney or loan modification specialist in your state.

You may request a loan modification.

If your loan Is currently an FHA, VA or USDA.. then they also have refinance features that allow you to refinance without an appraisal.. if it's not any of those loan products, then your most likely going to have to wait out the storm until you have sufficient equity to satisfy the lenders Loan to Value requirements.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

James, My name is Jarrod McOmie with SecurityNational Mortgage Company. Are you sure that you are upside down? With the recent uptick in home values I have seen several individuals that thought that they were upside down, when in fact they are now in a positive equity situation. I would recommend reaching out to a local Real Estate Agent to identify what your home would sell for today. If you are upside down and your loan is not Fannie Mae, Freddie Mac, or FHA, unfortunately there are no current options available. I would highly recommend speaking to the local Realtor prior to making a decision that could adversely affect your credit and/or ability to refinance in the future. Chances are, if you are not in a positive equity situation, it is only a matter of time until you will be. Best of luck!