This may be dependent on lenders but in most cases you would not be able to refinance due to your late payments as would need to have at least 12 current and on time payments with no rolling 30 day lates.

You would need a 12 month clean mortgage history. If you had a rolling 30 day late than it would be only considered 1x30. My advice is to refinance out of the FHA loan, as there are many lenders that will do this loan including me. Please contact me and I will help you. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and Strategic Partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wallor call anytime 513-403-6260

Ginna,Some lenders will allow you to refinance with an FHA streamline but you must be current at the time of your application. i recommend calling around your local lenders and asking them. It is possible but you need to find the right lender.

Ginna- There are exceptions that sometimes are made to allow for your scenario with a very good reason as to why the payment was late in April of this year. Speak with a local Texas mortgage loan officer who is an FHA expert and see if he/she can offer you some options.Best of luckwww.nicnethertonloans.com

You will have to wait till Feb, 2012 to apply, assuming your payments are current and no additional late payments. However you still need to figure if refinancing is beneficial for your scenario... contact a local mortgage broker, not a bank, and have them put together a Total Cost Analysis... this should show you your options so you can get a clear picture... WilliamAcres.com

Sorry, you will need to have better pay history. FHA will only allow 1 late within the last year and you must be current at time of application.