refinance a conventional loan to a FHA loan

Hi Bronx, Yes, you can refinance to an FHA loan provided the loan to value is under 97.75%. If your loan is owned by Fannie Mae or Freddie Mac you maybe able to do the Harp2 program which in some cases allows for unlimited loan to value. *****We also have OTHER less common loan programs for people who are upside down as we are a NYS mortgage broker. Call me to discuss what programs we can offer you and if you qualify. Thank you. Jeff Mitchell, ABC 123 Mortgage, Inc., 845-896-5500 Ext 101

Most likely you can't go to an FHA loan as they will require an appraisal. However have you checked into the HARP 2.0 program. Have you checked if your property is backed by Fannie Mae or Freddie Mac?

So its official, HARP 2 is the way to go for you.

Hello. You need the HARP 2.0 program if you are under water on your mortgage. If you want give me a call and I can look up your loan to see if it is owned by Freddie Mac or Fannie Mae to see if you qualify and explain the program to you. 201-962-3555 Michelle

If you believe that your home is underwater, refinancing in the traditional sense does you no good regardless of the loan type.