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Updated over 6 years ago on . Most recent reply

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

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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All fha purchase loans have PMI regardless of LTV......I believe that applies to refi's also. Their website should tell you.
@Chris Mason ??