Hi Jennifer, I hate to be the one to go give you the bad news, but I don't think you can REFI right now. Your home has probably gone down since you bought, and your ratio's are way off to Refi.
To refi, you should owe 80% loan to value, but now that the lenders have made it tougher, many want 70% loan to value.
Don't take my word for it. Why don't you give B of A a call since they did your loan, or try Wells Fargo or another large lender and see if they might be able to pull a rabbit out of the hat for you.
Dave Tap Tapper