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Updated almost 5 years ago on . Most recent reply

Ellie Narie's profile image
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Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
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Ellie Narie's profile image
Ellie Narie's profile image
Ellie Narie
  • Investor
  • from Ashland, OR
  • Member since Jan 30, 2018
Connect
Ellie Narie
  • Investor
  • Ashland, OR
38
Votes |
202
Posts
Buying & Selling Real Estate

Can you refinance FHA right away and then not have to live there?

Ellie Narie
  • Investor
  • Ashland, OR
Posted

If you get a multi unit building with an FHA loan, and it appraises for 20% more than you paid for it... can you refinance it to conventional within a few months?

And if so, will you need a new appraisal, even if you just got it appraised a few months ago? 

And would you not have to live in it for the remainder of the year if you refinance out of fha?

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