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Updated over 6 years ago on . Most recent reply

User Stats

31
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6
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Ricardo Flores
  • Real Estate Investor
  • Oakland, CA
6
Votes |
31
Posts

Can I refinance an FHA loan with a FHA streamline to remove PMI?

Ricardo Flores
  • Real Estate Investor
  • Oakland, CA
Posted

I recently purchase a home in January 2017 and owe around 338K on an FHA loan. The home, since then, went up in value $434~480K.

Can I refinance my FHA loan to a FHA Streamline loan and remove the original PMI? PMI is roughly $250

Also, what interest rate will I expect on the streamline loan? 

Any help is appreciated.

Most Popular Reply

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23,418
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13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

All fha purchase loans have PMI regardless of LTV......I believe that applies to refi's also. Their website should tell you.

@Chris Mason ??

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