Refinancing out of 203K loanWe took out a 203K loan for our house in July 2012. We're looking at refinancing to get rid of the ridiculous FHA insurance premium and we're not sure if it's even an option for us as it stands now. Right now we owe $205k on the house, and comps are selling in the $240-260 range, so we're right in the fringe of that 80% LTV range. Both of our credit scores are in the high 600's (670-680 last we checked). The interest rate on the loan is 3.875%.Are we in range for a refi or still need to do some work getting our credit score and/or the house value up?August 08 2013 - East Bridgewater00YesReport 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.