VA loan refinanced to FHA loan?

[Jebo Aho]

Hey All! I tried search the discussions for an answer but I couldn't quite get what I was looking for. I understand when using a VA loan you have to live in the home for a year. Does this mean you can rent it out after a year and get another VA loan? Now, am I wrong in thinking that the TOTAL amount that the VA will guarantee is $417k (give or take a few thousand)? So in my case, I purchased my home for $134k 0 down, no funding fee..Would this mean that after I lived my home for a year I would still have $283k left that the VA would guarantee? Even if all that is allowed, would it be better or even possible to refinance with an FHA loan? As you can tell I'm pretty confused, so if you need more clarity on the question I can try reword it.