FHA Can I rent it out .
Hello I'm A super New bee!!!!!! I have a question about FHA loans, since it would be my first time purchasing I would like to use an FHA loan, but I live in California I have a question if anybody could help me out.
would I be able to refinance through a conventional loan after?
and if I can how long do I have to wait?
Most Popular Reply
Hi Miguel. Usually an FHA loan has a lower interest rate than a conventional loan. It wouldn't make sense to refinance to a conventional. For an FHA loan you have to live in the property for one year then you can rent it out.