Zillow Advice: Refinance - can we refinance a rental property to a lower interest rate without closing costs? http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/ Zillow Advice | Zillow Real Estate [hotlink removed by Zillow ... http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/ [hotlink removed by Zillow moderator] shows the typical income property financing requirements. I know that a rental property can qualify for HARP if you have a Fannie Mae backed loan. This will help with the underwater factor. Although closing costs can be significant on non-owner-occupied properties, and I'm not sure if they can roll them into the loan. Definitely talk to a couple lenders in your area soon. The smaller banks and credit unions seem to have a bit more flexibility.&nbsp;<br/><br/>Connect with us on;[Multiple hotlinks removed by Zillow moderator. Please see our <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a> for posting guidelines.] Tue, 13 Nov 2012 13:01:00 GMT http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/ 2012-11-13T13:01:00Z I would speak to a lender ... http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/ I would speak to a lender asap. They will be able to go over the details of your property and loan type and see if refinancing is an option. Its great that your are proactive in this and not waiting until you get in the hole. If you need information on a great lender, let me know! Tue, 13 Nov 2012 05:06:00 GMT http://www.zillow.com/advice-thread/can-we-refinance-a-rental-property-to-a-lower-interest-rate-without-closing-costs/468329/ 2012-11-13T05:06:00Z