100% Mortgage Refinancing

Now you can compare over 100 mortgage programs like HARP 2.0, VA refinance loans and FHA streamlines with refinancing lenders ready to help homeowners get lower rates to avoid foreclosure. The traditional FHA refinancing is available to 96.5%, but the FHA short refinance enables borrowers to refinance above 100% with a principal reduction as well. VA refinancing is the only 100% refinance loan left. You need to work with lenders that give their borrowers a one hundred percent effort by providing high LTV refinancing with 100% 1st mortgages and home equity loans for when you need to borrow up to the value of your home for cash out and debt consolidation options. The "100 mortgage" sponsored by Freddie Mac has now been upgraded by the Obama Administration and now there is no loan to value limitations refinancing for qualified borrowers. The Harp 2.0 is an underwater refinance option for a select group of homeowners. The HARP refinance has lifted the loan to value calculation from their qualification list of requirements. Compare no equity refinancing quotes now while rates have fallen to the lowest point in decades.

Get More Info on 100% Refinance Loan That Do Not Require Equity

 

Having Trouble Qualifying for a Fixed Refinance? Nationwide posts info all the time about 100% mortgage refinancing solutions for all types of borrowers. Our lenders compare over 100 refinance programs nationally in an effort to maximize the best rates to meet your financing needs. There is no need to get behind on your monthly payments if you qualify for mortgage refinancing. In most cases, the modification process will hinder a borrower's credit score long-term. You should verify with several credible mortgage refinancing lenders that you do not qualify for a traditional loan before seeking relief with a modification. Do not pay up-front fees for modification services and consult with an attorney if you are seriously consider foreclosure prevention services.

Nationwide Specializes in 100% Refinancing for All Types of Borrowers

Government Sponsored Refinancing: Freddie Mac and Fannie Mae just announce that the 2.0 HARP mortgage refinance can exceed 100%. There is no longer any loan to value restrictions with the Home Affordable Refinance Program that has also been endorsed by the President and the Congress. Most people would agree that 100% refinance loans are great, but with the HARP 2.0, you can go to 200%, 300% or beyond because there is no longer any loan to value requirement. The HARP refinance will not last forever as the program is set to expire at the end of 2012 unless Congress passes a bill to extend this opportunity into 2014 or 2015.

Having Trouble Qualifying for a Fixed Refinance or Loan Modifications? Nationwide offers info in regards to 100% refinancing solutions for all types of borrowers. Our lenders compare over 100 refinancing programs nationally in an effort to maximize the best rates to meet your financing needs.

Get Approved Even With No Equity on a Low Rate 100% Refinance Loan

Since we can connect you with lenders that have well over 100 mortgage options for homeowners seeking affordable refinancing, you know that you are in good hands with our lending partners. Due to secondary market conditions, the 110% 1st mortgage has been put on hold until to market conditions improve. VA mortgage refinancing has become popular with military veterans seeking 100% refinancing. FHA still allows rate and term refinancing to 96.5% and cash out options to 85%. In most cases, the FHA and VA streamline does not require a formal appraisal, so underwater consumers may still qualify for 100% refinance with no equity.

100% Refinance

VA Refinance Loans to 100%

Never before have borrowers been able to refinance their mortgages to one hundred percent with one loan in first position. The VA refinance allows veterans to refinance 100% of the existing VA mortgage and 90% if they want cash out. VA streamline refinancing does not even require an appraisal and VA rates are very low! FHA mortgage refinancing allows borrowers to refinance any conventional mortgage to 97% and if they need money financed in the new loans, FHA will accept home refinancing to 95%. The USDA loan is a 100% mortgage that was designed for borrowers looking to refinance a home in a rural area. These government options provide several no equity mortgage refinance solutions for a wide range of borrowers. Check with our mortgage refinancing lenders to verify you meet the eligibility requirements for a government loan. There are still over 100 home refinance options for people with no equity seeking a lower interest rate and monthly payment.

Compare Refinance Loans with No Equity Financing

The recent sub-prime melt-down has dramatically affected home lending, but this is still a good time for high LTV home equity lending, because our underwriting departments still offer no equity products so homeowners can borrow more than their home is worth. If you presently have an adjustable rate first mortgage, we can help you combine and refinance your second mortgage together into one loan with a fixed rate amortization. Choose from 80, 90 and 100% first and second mortgage combination loans or the all in one refinance "100% mortgage". The fact is that underwriting guidelines for high LTV mortgage refinancing are expanding with more opportunities for underwater borrowers to solve their financial problems.

Useful Refinance Tips from the 100% Mortgage Experts

Both 96.5% FHA Refinance and 100% VA loan options offer options to have mortgage insurance with or without your new mortgage loan. Private mortgage insurance is now tax deductible. Mortgage refinancing has never been offered at such a low interest rate with options that allow you to consolidate credit card debt while tapping additional funds for making home repairs or renovation.

Ask a friendly loan officer for more details about these amazing 100% refinance loans that are helping borrowers save thousands of dollars a year. Credit score requirements range from 640-800 depending upon disposable income, debt to income ratios and job stability.

96.5%: Combine your first and second mortgages together for one low payment. - Mortgage guidelines have changed, but you can still borrow up to 96.5% of your homes' current appraised value.

  • Choose from fixed or Hybrid ARM interest rates with fixed terms for 10, 15, 30 and 40 years.
  • Lower mortgage payments with HARP Refinance
  • Refinance existing 1st or 2nd mortgage
  • Pay off revolving debt with your mortgage
  • Subordinate with 100% financing solutions
Mortgage Refinancing Lenders
Apply for a VA Loan and learn how easy refinancing to 100% can be.

Compare Fannie, Freddie, FHA, VA for 100% Refinance Mortgages up to $725,000

See if You Can Lower Your Payments with 95-100% Fixed Rate Loan
Loan Amount
Current Loan Payments
New 100% Mortgage Payment*
Monthly Payment Savings
$125,000
$1,200
$625
$575
$250,000
$2,051
$1,250
$801
$400,000
$3,071
$2,000
$1,071
* This is a sample of refinanced credit debt to and assumes interest rate for the
100 Mortgage Loan at 5% Fixed on a 30-year amortization schedule.

(APR is 5% on a rate and term VA 100% loan with no lending costs 3/1/20-10)

Refinance with a 200% Mortgage: Yes with Home Affordable Refinance Program some lenders are offering loans up to 200% and beyond. Now, you can lower your monthly payments and reduce the interest rates of credit cards. If you don't want to refinance your existing mortgage, this is a great option for people looking to escape an upside-down mortgage. The 125 and 100 second mortgage products have been place on hold at this time.

Best Reasons To Refinance a Home Mortgage to 100% & More

Individuals who take a moment to look at the current interest rates for home refinance mortgages may find that what they are currently paying is well above what the market is actually currently at. This may cause them to consider refinancing their home in a more favorable rate in order to save money or possibly pay off their loan even sooner. But, is this really the best course of action for everyone?

When Should You Refinance Your Home Mortgage?

Without a doubt, the best time to consider refinancing your home loan is when interest rates are at their lowest. For example, if your interest rate is currently at 6% and you were to refinance last spring when rates were at 3.5%, that 2.5% savings could add up to a substantial amount of money over the life of your loan. However, refinancing from a 6% loan to a 5% loan won't result in the type of savings that would actually make refinancing worthwhile.

100% Refinance Mortgage & HARP Opportunities: If you have no equity or your mortgage is greater than your houses value now is a unique time to refinance because there are several aggressive programs that help underwater homeowners refinance into an incredibly low fixed rate mortgage. Of course you must meet the eligibility requirements for the Home Affordable Refinance Program as outlined by Fannie Mae and Freddie Mac. FHA expanded the streamline to extend relief to struggling borrowers without equity that need more than 100% refinancing programs. There are only a few years left before these programs expire, so discuss your situation with loan officers now.

Shop Around to Find the Best Rates for Mortgage Refinancing: It's also important to keep in mind that refinancing and getting the best loan depends on your credit history and score. In much the same way that purchasing a house for the first time will depend on your financial situation and credit history, 100% refinancing is dependent on what shows up when a lender pulls your credit score.


Refinance Debts into an Affordable 100% Mortgage

Nationwide is a lender offering many types refinance loans for homeowners from California to Maine. Our goal is to offer competitive rates for debt consolidation loans that save people money with additional opportunities for cash back. Our residential lending commitment provides people with "out of the box" mortgage programs ensuring lower payments for improved 100% financing. Whether you need a streamline, cash refinance or a home loan modification, Nationwide has mortgage solutions that you can bank on.

At Nationwide, we believe that you deserve an accurate quote for a no equity mortgage refinance. We pride our self in providing the best rates online based on your mortgage refinancing qualifications! Our team of professionals will help get you answers to your financial questions. We will help figure out which home loan or refinance programs you qualify for and lend a hand in determining the interest rate. Most lenders answer the phone, quoting rates without qualifying your credit, income or evaluating your home's equity.

Get Current Interest Rates and Updated Info on Mortgage Rate Refinancing

 

Resource Tools

Refinancing Calculator
Get 100% Financing Advice from the Nationwide lending experts! Analyze the benefits of refinancing. Get help calculating the monthly payment and discover the net interest savings. It will also calculate how many months it will take to get a return on investments for no equity refinancing costs.

When Is the Best Time to Refinance?  – Timing the market right is difficult but if the current rates on refinancing have fallen to a record low then you really can’t go wrong locking into a fixed rate mortgage refinance.

How to Refinance a Mortgage
1. Gather existing loan statements (note, mortgage statement, etc.)

2. Get your financial info ready (ie. Pay-stubs, W2s and tax returns)

3. Shop Mortgage Refinancing Lenders and compare multiple offers from competitive loan companies online.

When Should You Consider Home Refinancing?
There are several important factors when considering home refinancing. If you have the ability to save money then it's likely a wise financial decision.

Helpful Blog Articles

FHA Loans for a Mortgage Refinance

Mortgage Refinance Loans for People Who Are Self-Employed

How to Know When to Pre-Pay a Mortgage in a Refinance


100% Refinance Testimonials

"We were rejected by several lenders and banks because we owed more on our home loan than our house was worth.  Following a friend’s advice, we turned to Nationwide who uncovered a unique opportunity with the VA streamline. They informed us that because we already had a lien guaranteed by VA, that we qualified for a refinance loan in which the underwriter waived the appraisal requirement. We were able to reduce our interest rate by over 2 percentage points and the new loan featured a fixed rate and reduced our monthly payment by over $400 a month!" - The Frazier Family

"After being denies for underwater mortgage refinancing several times we walked away from the process very discouraged. A few months later, a friend of ours on Facebook, recommended BD Nationwide because they specialized in helping people with upside-down loans. They were an approved lender for the HARP 2.0 and this led us to a genuine refinance possibility. The loan officer and processor were very helpful and successful in guiding us through the refinancing maze. We locked into a 3.5% rate and are very happy with the monthly saving from our new loan."
- The Costas Family

No Cost Mortgage Refinancing

Here are 5 tips that can help you when you're looking into mortgage refinancing with no equity in your home.

1. Make your mortgage payments on time.
2. Discuss comparable sales with a Realtor in your area.
3. Check your credit score regularly
4. Discuss your HARP eligibility with a lender.
5. Get several Good Faith Estimates from lenders that have experience refinancing high LTV mortgages.

These 5 tips may seem straightforward and simple, but they really are the keys to completing an underwater finance. If you stay current on your payments and have a solid job history, all you need to do is talk to several lenders and try to utilize HARP. It's a program that's there for a reason, and that reason is to help people like you. While it will be somewhat more difficult, it's not impossible to get a no equity mortgage refinance.

 

 

Additional Refinancing Pages:
Refinancing after a Bankruptcy | Second Mortgage Refinance | Adjustable Rate Refinance | Mortgage Refinance Options | Cash Out Refinance | Sub-Prime Mortgage Refinancing | 30-Year Fixed Rate Refinance | Home Affordable Refinance Program | Home Refinance Loans | Mortgage Refinance Guidelines | Streamline Refinance | No Income Mortgage | Money Mortgage Refinance | VA Refinance | Home Refinance Rates | Bad Credit Refinance | HARP Refinance Loans | No Cost Mortgage Refinance | Second Chance Mortgage | Top Home Refinance Loans in 2013

Other Popular FHA Refinance Loans:
FHA Mortgage | 97% FHA Refinance Loans | FHA Refinance | FHA Streamline Refinance
Apply Now | Disclaimers and Terms | 100 Percent Loans | Mortgage Refinance Blog
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. BDNationwideMortgage.com does not make loans. We have no affiliation with VA, FHA, USDA or any other government entity. Nationwide was affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright © 2001-2014, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Not all applicants will qualify for a 100% mortgage.