When can we "reasonably" expect to be able to refi (r/t only) after modification.

Your story is like so many others who have tried to modify their loans under HAMP.. Bottom line (as you've found out), it's a complete waste of time.. Without seeing all the details associated with your modification offer, it's pretty hard to say what your best option is, but i will say this.. Don't do the modification until you speak with a local mortgage broker.. It's possible that by agreeing to the modification, you will have a long wait before you can refinance.. It you don't go through with the modification, and you maintained your payments, then there might be a way to refinance now.. however if you are or have been behind on your payments by more than 4 months, then the lender will look at your scenario and apply the same waiting periods as someone who had a foreclosure.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You have to get that score over 640 but 660 or 680 is better. Start by not paying 30 days after the due date - that's when it goes on your credit report as a late.

To refinance a conventional loan a modification or restructured loan must have re-established credit and wait the following time periods: 2 years with a loan to value (LTV) of 80%, 4 years with 90% loan to value and 7 years if the LTV exceeds 90%. Contact a Lender 411 professional in your area. They could give you some advice on whether they have other loan programs that might work for you. Good luck!

@william.....The re-work has been completed,we have the same rate before we started this process, 8.7%. We had no choice (really) in the matter after battling BOA from 2009-2013 to keep our home after ther screw ups. Again, looonnngggggg story!We sought the mod due to medical & employement issues and went to the lender proactively however they just bent us over (being a little crude) in the response.@linda...I will check to see if there are sny local lenders on this site.

I'm in Virginia so I would not be able to help you. I did wonder though, was a principal curtailment done? Are you saying that you bgan the process in 2009 and JUST (as in July 2013) received your paperwork? Were you making making during the last 4 years?

At 203k.....There was no curtailment setup & yes, we applied in nov 2009 and made the reduced payments they approved in early 2010 when the modified payment plan was put in place. that continued until early 2012 when BOA stopped accepting the payments after repeatedly denying that we were even in a modification. After fighting for 12 months a trial was put in place & we made the higher payments & were recently informed that the terms were finalized. We need to get out from under this crazy rate & I am seeking a lender that will look at the "documented" facts in the decision process.

As noted by one of the other commenters - if the modification has been signed and agreed to by you, there may be a couple year waiting periodbefore it can be refinanced conventionally. You really need to check with a local, licensed mortgage officer now, to see if you have any otheroptions. Whether you are in positive or negative equity position is also likely to affect your possibilities.