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what programs are available for a 95-97% LTV refinance? Loan in roughly $375,000

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November 04 - Somerset
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I agree with all, and would like to add- check who owns your current loan. If you have FHA currently, FHA is definitely the best way to go (aside from cash out as the others have said) because you can likely do a streamline (until January) without an appraisal.

If your loan is owned by Freddie or Fannie you should look into a DU Refi Plus or the Freddie Relief refinance, respectively. Here are the links to check if your loan is owned by Fannie or Freddie:

Freddie Mac owned loans  Fannie Mae owned loans

Good luck!
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November 04
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As long as you are not taking any cash out, you can qualify for a FHA loan.  Be careful, cash out does not mean that you are getting money from the closing.  If you are paying off any debts beside the mortgage, that is considered cash out.
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November 04
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FHA is a very good alternative.  Also, if your loan is owned by Fannie Mae or Freddie Mac, you might qualify to refinance under the HARP program.
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November 04

As long as your not taking any additional cash out you can go FHA.
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November 04
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FHA could be the best option
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November 04
 

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