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Can I Refi a Non Freddie/Fannie Underwater Loan?

Is it possible to refi an underwater Non Freddie/Fannie Underwater Loan?  
We are in a variable loan and would like to get into a fixed rate.
Metro Phoenix Area, AZ
Depending on the website, our house is worth $155 - $169K
We currently owe $176K on our first mortgage. 
Just settled our Chase 2nd Mortgage for less than what we owed.
However, we were behind on our mortgage payments for approx 5 months.  We have never had a loan mod.
Just checked credit scores and we are 722 - 745
I am also eligible for VA.

Any advice would be greatly appreciated.
  • August 09 2012 - US
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Answers (1)

Hi,

i would recommend taking a look at our underwater resource center for more details.

Thanks,
Candace 
Zillow Customer Support
  • August 10 2012
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