Freddie loan refinance... no pmi? a joke?
The answer is "It Depends". If you are refinancing on a standard conventional loan then yes you would have PMI.If you are refinancing on the "Freddie Relief" program then you would not have PMI. Ask your lender/broker if you are refinancing on the "Freddie Relief"...

How much money will I have to pay upfront to buy a home?
It depends on the loan program that you select.Most likely you would need 3.5% of the price of the home. There are a few programs that dont require any money down but they require certain circumstances to qualify.

How much higher is the interest rate for conventional if my credit falls just below 720?
Should be less than $10 per month difference in payment.

Where can i get a stated income loan, I am not seeing many programs for them
The new mortgage regulations make it illegal to do stated income loans for primary residence transactions. Stated income loans are now only available for non owner occupied properties and typically requires 30-40% down with much higher than market interest rates.If you have great consistent...

Will I be able to get a mortgage with 40% debt to income?
I have gotten conventional loans up to 45% approved very frequently.

First time home buyers.
The information you provided is a great start! Yet, to accurately present a qualified offer to you (or anyone) there is additional information that we (or most any lender) will likely need. Most of that information can easily be obtained with a short phone call. Feel free to reach out at any time to set up...