UPDATE: 5/19/2020 FHFA Announcement:  Borrowers are eligible to refinance or buy a new home if they are current on their mortgage (i.e. in forbearance but continued to make their mortgage payments or reinstated their mortgage). Borrowers are eligible to refinance or buy a new home three months after their forbearance ends and they have made three consecutive payments under their repayment plan, or payment deferral option or loan modification.  This applies to all Fannie Mae and Freddie Mac Loans. In the opinion of mortgage experts, the better option is to allow homeowners access to their equity to repay skipped payments.  There are rumors in the industry that this option may be considered. https://youtu.be/JNlIDNGkOjg