Bryce Johnson's Q&A

Regardless, PMI shouldn't be an issue because you should just cap your LTV 80%. That extra 1.5% isn't going to be worth the PMI with the FHA or conventional financing.

effaniemae.comhttps://www.efanniemae.com/sf/refmaterials/llpa/pdf/llpamatrix.pdf

85% is the Fannie max, but the trick is getting MI at 85% cash out unless it's FHA.

It depends on a number of factors, but typically 85% is the highest you can go.

FHA requires O/O. If you are going with the non occupant co-borrower option, you are limited to 75% loan to value with 2 units.

It also depends if you're talking about your top or bottom end ratios. You need to watch your bottom end ratio which is the combination of your current monthly debt plus the new housing expense.

I'm guessing you are asking this because your loan to value is higher than convention or FHA financing allow?If this is the case, currently only freddie or fannie held loans are permitted to be financed over 100% ltv

HVCC regulations were put into place a few months back. Lenders/brokers no longer have the ability to even talk with the appraiser prior to ordering the appraisal. FHA appraisals are still ordered directly by the lender/broker and you'd probably have a little more luck in getting the ideal value you are searching for.

You need to be more specific to what you current financial situation is. Why are you looking for a modification vs a refinance?  All I can tell you is do not go behind in payments just to get a modification on your loan. You are putting your self at risk for future credit approvals and will not be worth it in the long run.

Go to this website and see if you 1st mortgage is held by fannie or freddie www.makinghomeaffordable.gov click on loan look up and fill in the blanks. If your loan is held by one or the other then fill out a loan reqest on zillow and see what the lenders on here can do for you.