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Updated almost 4 years ago on . Most recent reply
Can you BRRRR an FHA loan with the house hacking method
Hi to all I’m new to bp and looking for some answers hope y’all help. Could you brrrr your personal residence if you purchased it with a fha loan after you let it season for one year. Could you Take another fha loan out and house hack and repeat the process right after
Most Popular Reply
Originally posted by @Cristobal Fernandez:
Hi to all I’m new to bp and looking for some answers hope y’all help. Could you brrrr your personal residence if you purchased it with a fha loan after you let it season for one year. Could you Take another fha loan out and house hack and repeat the process right after
That's the ultimate goal! Refinance into a conventional loan and get the FHA to use again. But realize when you refinance, if you get another owner occupant loan you will be signing that you intend to live there for 1 year.