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Updated over 3 years ago on . Most recent reply

Andrew Casal's profile image
Andrew Casal's profile image
Andrew Casal
  • Homeowner
  • from Pawtucket, RI
  • Member since Dec 30, 2020
  • Posts 58
  • Votes 12
  • Experience 4 Yrs
  • Investments 2
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58
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Andrew Casal's profile image
Andrew Casal's profile image
Andrew Casal
  • Homeowner
  • from Pawtucket, RI
  • Member since Dec 30, 2020
  • Posts 58
  • Votes 12
  • Experience 4 Yrs
  • Investments 2
Connect
Andrew Casal
  • Homeowner
  • Pawtucket, RI
12
Votes |
58
Posts
Buying & Selling Real Estate

FHA Refinance Roadblock and Help Needed

Andrew Casal
  • Homeowner
  • Pawtucket, RI
Posted

Hello everyone!

Looking for some guidance on my current situation. I am at the end of my 1st year in my house hack. I am trying to refinance to conventional in order to free up my FHA. I sent my documents to my loan officer to review and he is saying that I don't have enough equity in order to go Conventional. He is also saying that I would need to put down 25% on my next multi regardless.

Can any give me some guidance on some next steps? All help is appreciated!

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    Caroline Gerardo's profile image
    Caroline Gerardo's profile image
    Caroline Gerardo
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    • from Laguna Niguel, CA
    • Member since Mar 2, 2015
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    Caroline Gerardo's profile image
    Caroline Gerardo's profile image
    Caroline Gerardo
    • Lender
    • from Laguna Niguel, CA
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    Caroline Gerardo
    • Lender
    • Laguna Niguel, CA
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    Caroline Gerardo
    • Lender
    • Laguna Niguel, CA
    Replied

    He ordered an appraisal or eyeballed the numbers? 

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