Refinance Underwater - 800 Credit ScoreI found a great rate with a local bank. The problem is I think I will be between $2000 and $10,000 underwater on my loan, depending on how my appraisal goes. Some background:I bought my home in July of 2009, it is not owned by Freddie Mac or Fannie Mae. It was purchased for 175,000 and owe 156,000 now.Some questions:Does a new lender have room to bend for someone with with a great credit score and perfect mortgage payment history?I tried a streamline with my current mortgage holder and they said PMI doubled so it wouldn't be advantageous (I currently have 5%), can another lender streamline my current FHA, or only the one that currently holds the loan?I don't think I qualify for HARP (missed the cutoff by a month). Are there other options? Can lenders bend on that? If they can, if I have my current lender sell my loan to one of the big two, can I still apply, or does the loan need to be owned by them IN 2009?Any other suggestions/options to try? Need to lower my payments.November 10 2011 - Hillsborough00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.