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Updated about 4 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Roselle, IL
4
Votes |
8
Posts

When and how to refinance out of an FHA

Account Closed
  • Rental Property Investor
  • Roselle, IL
Posted

Hello everyone!

I used an FHA to purchase a SFH that I house hacked in back in July 2020. But for career reasons I needed to move to a different city and am currently renting out the house. I have just a few questions,

when would be an appropriate time to refinance out of my current FHA mortgage?

how much would that cost and how long a process would that take?

would this impact my ability to house hack in my new city in any way?

Any feedback would be greatly appreciated!

Most Popular Reply

Account Closed
  • Rental Property Investor
  • Roselle, IL
4
Votes |
8
Posts
Account Closed
  • Rental Property Investor
  • Roselle, IL
Replied

@Joshua Haynes they do have some flexibility if you need to move for family/career reasons

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