refinancing from fha to conventional

[Kareem Hyman]

Hello all I've just recently purchased my first home using an FHA loan. I am aware that there are certain requirements to have two FHA loans out at one time. My question though is if you refinance from a FHA loan to conventional can you use fha again?

[Edward A.]

Yes. 

Keep in mind that FHA has a requirement to live in the property for a year before moving out. Not sure of the penalty for not obliging. But I know there aren't any rules on when you can refinance. So refinance whenever I'd say.

I'm sure though the criteria will be stricter on qualifying for a second FHA while keeping the first property. More reserves for both properties probably. Tighter DTI ratio. Etc. Depends on the lender too. Each lender may have their own rules as well.