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Understanding Underwater Mortgage
Being underwater on your mortgage means you owe more than your home is worth. This situation can result from market downturns, purchasing at peak prices, or high loan-to-value financing. While it limits some options like selling or traditional refinancing, it does not mean you are stuck. Loan modifications, streamline refinance programs, and strategic paydown plans can help you recover.
Millions of homeowners have recovered from negative equity
How NMHL Helps
Proven solutions for underwater mortgage
Personalized Consultation
Speak with a licensed expert who understands your unique situation and guides you to the right program.
Flexible Loan Programs
Access programs designed for borrowers in your exact situation — FHA, VA, conventional, and more.
Guided Process
We walk you through every step from pre-approval to closing. No surprises, no confusion.
Your Path to Homeownership
Free Consultation
Tell us about your situation and goals.
Explore Options
We match you with the best loan programs.
Pre-Approval
Get pre-approved to strengthen your position.
Close with Confidence
We guide you through closing smoothly.
Success Stories
“NMHL made our first home purchase incredibly smooth. The team guided us through every step and found us a rate we couldn't believe.”
“After being denied by two other lenders, NMHL found a solution for my self-employed income. Bank statement loan closed in 25 days.”
“The VA loan process was seamless. Zero down payment and the best rate I found anywhere. Thank you NMHL!”
We Serve 29 States
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Frequently Asked Questions
Recovery time depends on your local market and how much you are underwater. Historically, home values appreciate 3-5% per year on average. If you are 10% underwater, market recovery alone could restore equity in 2-3 years. Making extra principal payments accelerates this timeline significantly.
You can sell, but you would need to bring cash to closing to cover the difference between the sale price and your loan balance, or negotiate a short sale with your lender. A short sale requires lender approval and may have credit implications, though less severe than foreclosure.
Helpful Resources
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