Is there any means to refinance an underwater, 80/20, non Fannie/Freddie mortgage?
My first suggestion would be to call GMAC first and ask them if you can do a refinance with them since they currently hold your mortgage. Sometimes lenders will have a "streamlined" process since they already have your loan. You would have to do a "subordination" agreement with...

Are HARP 2 interest rates the same as if someone is buying a home with a 20% down payment?
No...HARP rates will be slightly higher. However slightly higher, the HARP rates are still great rates especially considering the risk.

My credit score is 507, I have steady employment, and qualify for a VA loan. What are my chances of getting a loan?
Nate, You will need to talk to a mortgage professional who can show you what needs to be corrected or improved on your credit. Ask for help in getting your score up. A great mortgage professional will want to help you and earn your business. Thank you for your service!www.mygarciateam.com

How soon can I g et an FHA loan after a 10/22/11 defaulted short sale?
If the loan that you defaulted/Short Sale on was a government loan such as USDA, VA or FHA then you will not be able to get cleared CAIVRS for 3 years. A lender must pull CAIVRS in order to the loan. You would then be looking at a 10/23/2014 purchase. If the loan was a conventional loan that you short saled than...

Need preapproval for an FHA loan in Idaho
Your best bet would be to speak to a loan professional who can walk you through your options. Work with a lender such as Movement Mortgage to get Underwriter approved ahead of time so that you know exactly what programs/products you qualify for and what amount you qualify for. Please give me a call at your...

Our home value has dropped since we bought it, and we want out of FHA. How do we accomplish this?
Your best bet would be to sit down with a lender and discuss the options. You may be closer than you think.