FHA refinance instead of Home Affordable refi?

I want to refinance because I'm at a high rate right now with my mortgage but I have very little equity and my lender says I can't refinance because of that. I have also been told that I can't refinance with the Home Affordable refinance program because I have PMI. I heard about FHA refinancing, though, and I'm wondering if this is possible? by derekscholl from Philadelphia, Pennsylvania. Aug 9th 2010 Reply