My property is in Chicago and my tenant rented the home with option to buy.
That is correct Mario. It also needs to be stated in the contract.

Was the Harp 2.0 program closed at some point and was the Harp 2.0 just doing interest rate reductions?
The HARP 2.0 is still here. The limitation is Rate and Term refinance - no cash out at closing (actually, max. $250)

FHA vs. Regular mortgage loan? First time home buyer.
It's a simple question that requires a complex answer. :) There are many factors that will determine which option is best for you. Conside short term, long term...I'll be happy to walk you through this. 503-724-9400 Benjamin

Can I qualify for an investment loan using income from a rental property?
The simple answer to your question is Yes. Details are necessary to provide the answer as pertaining to your situation.

refinance primary home to pay off rental property
What is your goal? What are you wanting to achieve?

Is it easier to get approval for a mortgage loan by putting down more money?
In the sense of debt to income ratios, yes.

The note securing your loan is not a mortgage
Regardless of the many terms and variations, a mortgage is essentially an agreement between a bank and a borrower to lend money in exchange for a piece of property, When you obtain a loan to purchase property, the mortgage serves as the lender's interest in the property. Mortgage collateral is...

Where do I fill out an application?
If you are looking to fill out an application for mortgage in Oregon or Washington, go to www.alpinemc.com/bbote.asp and allpy online.

Are the HARP refi rates typically higher than normal rates?
640 is the minimum score required, however, there are lenders that will go to 620. The rates are not higher than conventional rates, but there are add-ons for LTV and credit score, so it could be higher than the national average rate, which I assume you're referring to as 'normal...

Can having a high income make up for a low credit score when applying for a mortgage?
Higher income CAN NOT make up for a low credit score.

Is HARP only for primary residences?
Yes, you can refinance an investment property within the same HARP2.0 guidelines as primary.

Will the VA lend on new construction of a second home?
Primary residence only. You could convert your existing to a second home and purchase the new one as primary if you would move into the new home. That's the only way I know.You would also need to income qualify with both payments.

Exceptions to FHA 2-year employment rule???
Based on the info you provided, you should have no problem getting the loan. Find a local lender and apply.

what are chances of getting a home loan 3 months before the full two years from a discharge bankru
I'm afraid your chances are Zero. :(

can I refinance if Im 2 months behind on my mortgage?
Not possible with any reasonable terms.

If I lose my job, would that be considered extenuating circumstances for a conventional mortgage foreclosure?
if this was a relocation by your employer and the job was eliminated, you have a case.