How long before I can reuse FHA after I close owner-occupied refi

[Markus Atkins]

Hi all,

I had a quick question about owner-occupancy requirements.

I purchased my first duplex with an FHA loan. I am currently in the middle of a refinance where I need at least 85% LTV to qualify for this Freddie Mac owner-occupant loan. I think that I should be able to achieve this based on market rents and recent sales.

My question is... how long after my refinance is done can I move out and reuse my FHA for (hopefully) a four unit? Do GSE's have different time requirements that I need to stay in the property than FHA does? I believe FHA's rule is one year occupying the property.

Thanks all!

RIP Freddie Mac Home Possible 5% down conventional financing :(