Can you get another FHA loan after conventional refinance?

[Phillip Rosin]

Scenario

I purchased 2 duplexes last year, one as my primary, using FHA, and the other with a conventional investment loan. I'm planning to refinance both properties. The FHA property will be a rate & term only refi into a conventional investment loan. The other property will be cash out refi as primary residence conventional loan. **I will no longer have a FHA loan**.

Question

If I then wait a year (or however long is actually necessary) to convert my now primary property into an investment and then purchase another property as my primary residence, will I be able to once again use a FHA loan to get a 2-4 unit primary property?

Thank you in advance.

[Torrell Palmason]

So to convert the FHA into a non-owner occupied Conventional you will need to have 25% equity in the home after that you will be good to use FHA for a owner occupied again.

Best of Luck!