Refi FHA

[Ricardo Zuniga]

Looking for some advice. I just recently purchased a SFH using FHA in Los Angeles. I got the house for $490,000, I put 5% down. It apprised for $560,000. How soon will I be able to refinance the property and get rid of PMI? I've heard form people that I would have to wait 6 months to refinance the property. If someone can give me some clarity on this that will be helpful thank you.