Updated about 7 years ago on .
Refinancing from VA loan to Conventional
I'm looking to potentially buy a SFR with my VA loan, move into it, live there for a year or until I get orders, refinance out of the VA loan into a conventional, rent it out, and then buy wherever we are PCSed next with my VA loan again (which should be reset) because we don't have much cash to put down. My questions are: how likely is it that I will be able to refinance out of the VA loan with <1 year of residence if we get PCSed (moved)? Will the VA allow it? Potentially more importantly, would I have trouble actually getting a conventional loan with the potentially low equity that we will have? (We will do our best to gain equity through forced appreciation and buying a good deal but can't guarantee it.) Thanks for the help, you guys are the best!