Updated over 12 years ago on .
4 Plex Refinance from FHA to Conventional
I own a 4 plex that I purchase in 2008. I am looking at refinancing to conventional loan. I understand that I have to pay down mortgage to have a 75% LTV. My goal is to be able to buy another 4 plex with fha loan once I get the other one refinanced to conventional. Will this work? Does it matter if I have a 4 plex refinanced to a conventional owner occupied loan rather than conventional investment loan? I plan on occupying it until I find my next property for the FHA. Please advise how I can make this work. Thanks.
Jay