Owner finance- refi

[Marc Gallegos]

Just a quick question I was hoping someone could answer. I cant seem to find the answer without contacting a loan officer. 

Im a few months into a owner financed single family home here in Oregon. We will hold this home, and want to buy one more buy and hold this year. 

Do I lose my FHA option as soon as I refinance this owner finance? My initial thought was as long as I kept finance private through the owner I would still have my conventional FHA in my back pocket.

My plan was to stick with owner finance, while applying and obtaining the FHA property then after both properties are active, I refi the old owner finance... Maybe this was plan was a dream, or is this possible??

Marc- Salem, OR