Options for Underwater Homeowners

Are you still feeling the aftermath of the housing burst? Are you writing a check for a mortgage loan that’s more than your home’s value?

We want you to know that YOU HAVE OPTIONS.

We may be able to lower monthly mortgage payments for homeowners with no or even negative equity in their home.

Lower My Payment

or Keep Reading to Learn More


Am I Really Underwater?

The one constant about the real estate market is that it’s always changing. Many people who purchased a home at the height of the market feel as though they’ll never be above water. Fortunately, this just isn’t true and many underwater homeowners’ situations are not as bleak as they might seem.

Values are Rising

In 2006, everyone thought real estate values would never go down. Lately, we’ve all started wondering if we’ll ever see our home values rise. Good news! The price of homes across the country has risen 11.3 percent in the past year , and average home prices nationally are back at mid-2004 levels.

Value is Important

It’s so important to properly determine the current value of your home. Without it, there’s no way to know the next steps to take. It doesn’t matter if the current value of your home puts you underwater by a lot, a little, or even shows you have positive value in your home, we’ll likely still be able to improve your situation.

Find Your Home’s Value

Wanna know how much your home is worth? Our team of experts will perform an in-depth analysis of your home’s value in today’s market!

How do we do this?

We look at recently sold homes in your exact neighborhood, comparing size, features, and finish to formulate an approximate value for your home.

Find My Value

Barely Above Water?

First of all, horray! We still have great options for minimal-equity borrowers like yourself who’d like to save on their mortgage payment.

  • FHA loans with less than 3 percent equity
  • Conventional loans with only 5 percent equity

I Have Equity – Let’s Save!

Not There Yet?

Keep Reading to Explore Your Options


Options to Improve Your Situation

So, we’ve come to the conclusion that you’re an underwater homeowner, meaning you owe more on your mortgage than your home is worth. Did you know that there are indeed options available to homeowners like you? Depending on the type of mortgage you currently have, there are a number of home loans tailored for your unique situation.

HARP Loans Through Freddie Mac & Fannie Mae

The Home Affordable Refinance Program (or HARP for short) is a loan product that helps underwater homeowners refinance into a lower rate.


  • Loan made before May 2009
  • Loan owned by Fannie Mae or Freddie Mac
  • No late payments in the past six months

HARP Benefits

  • No Appraisal in Many Situations
  • No Limit on Loan to Value Ratio
  • Relaxed Credit Guidelines
  • Recent Bankruptcy OK

Am I eligible?

In order to be eligible for this type of refinance, your loan must be owned by either Fannie Mae or Freddie Mac. Luckily, both of these entities have an online tool to see if you’re a match.

Check Fannie MaeCheck Freddie Mac

I’m a Match! Lower My Payment

FHA & VA Streamline Refinance

If your mortgage is an FHA or VA loan, you’re in luck! You can refinance out of that high interest rate into one of today’s low interest rates even if you’re currently underwater in your home. The FHA or VA Streamline Refinance has a number of benefits to help make the process quick and easy.


  • No Appraisal
  • No Income Verification
  • No Limit on Loan to Value
  • Very Low costs for Loans that Started Before 2009

Lower My Payment

We Heart Our Clients

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