I Want My Money Back...From Uncle Sam (FHA)

[Ben Jones]

Curious if anyone has refinanced out of an FHA loan into a conventional, and if so how long it took to get your FHA impound account reimbursed back to you? My assumption is this might be a 2-3 month process, but I'm piling cash as fast as possible for down payment on my first buy and hold in Sacramento by June and the $3000+ of my money they're holding would be nice to throw on the pile!

To be clear, this is a refi out of FHA on my personal residence, I'm asking for the great BP Knowledge Cloud to make it rain because my normal, ehem "strategy", of asking Google was surprisingly barren of information.

I would appreciate any information from those who have done similar, or maybe some guidance to steer me in the right direction for an answer, thank you all for your time!!

-Ben

[Ben Jones]

Just wanted to tie this thread in a neat little bow in case anyone is curious; the FHA impound/PMI came back to me via the mortgage company that I refi'd out of, it took approximately 6 weeks. It DID NOT come from the FHA (counter to what I was told). If anyone has any questions, let me know, looking back I probably should have just gone conventional from the start and never tied up my funds in the impound in the first place...ended up getting 4k back, lowered my monthly payment $100 but am now at 4.25 instead of 3.75 interest, started the refi after only 9mo in the house.