Looking for refinance for Primary Residence

[Udaya P]

I am looking to refinance my primary residence in California(Alameda County).

Current loan details:

- Home Purchase Price: 722k

- Loan balance: 625k

- Current interest rate: 4.375%

- I am paying monthly PMI, loan originated in December

- Loan: FHA Loan

- This is my primary residence

Credit Situation:

- Foreclosure in Apr' 2010

- Credit Score: 700+

- Debt-to-income - Less than 30%

- W2 income

Looking for:

I am looking for refinance in order to avoid monthly PMI and reduce interest rate

I can bring up the LTV to 80%, if I can avoid monthly PMI.

Please let me know the possible loan options.

Thanks

--uday