Our lender doesn't offer FHA loans, so how can we take part in the new FHA short re-fi program?Our loan is with Indymac Bank. We are current (but struggling) and our home is "underwater". We were so excited to hear of the FHA short re-fi program because it finally appeared to be a way for us to improve our situation without damaging our credit by doing a loan modification (in which Indymac requires us to default for 3 months) or worst case foreclosing. But once again, we hit a brick wall because Indymac advises us that they are not doing FHA loans at this time therefore they clearly cannot participate in the the FHA short re-fi program. So now what? September 10 2010 - Los Angeles00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.