Reader Question: Refinance an FHA loan that's upside down?

Posted by Steve Dalton / Category:

A visitor submitted a question - First Financial, can I refinance an FHA loan on a home that is valued at more than the current appraised value of my house?

In short, YES. FHA does have a program that will allow a refinance of that loan. Obviously there are requirements and rules, but the fact is that yes you can, and if it's an ARM, you really should get it refinanced.

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