Back to Results
Here's the breakdown of what my current situation is:
My wife and I purchased a house December 2011, for $456,000. Our current FHA loan balance is $413,000 at 3.875%. Principal/Interest is $1980 and PMI is $380 per month. My fico score is over 800 and my wife's around 700. We would be using both are combined incomes to qualify for the refinancing.
Given the current low rates, is it possible to refinance into a conforming with LPMI at around 3.875% or lower, and at no cost to me?
Just a side note… at the time of getting our house we only qualified for an FHA loan because my wife's fico score was at 697, just below the 700 fico score required for getting a conforming loan at the low rates.
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $725,000
For Sale: $395,000
For Sale: $539,000