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Private Lending & Conventional Mortgage Advice

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Mark Douglas
  • Investor
  • Nashville, TN
143
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429
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ReFi out of FHA?

Mark Douglas
  • Investor
  • Nashville, TN
Posted Jul 15 2016, 18:22

At what point would it make sense to refi out of an FHA into a conventional loan? I got in under 4% , so I don't know if I'd get a much better rate. Also, after I wait one year from the close date of the FHA loan, and refi out, could I then get another property with FHA? I know they have those "special circumstances" under which it's acceptable to have two, but I'm talking about closing out one and opening a new one.

Any thoughts?

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