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Updated over 7 years ago,
FHA refinance into a Conventional Loan Process
Hello,
Looking into my strategy for purchasing a duplex next year after tax season. I currently own a triplex that a I bought at 211,000 and now is estimated worth 239,000 on the market. I've definitely also forced equity through improvements to the property because it is an older home.
This property is a FHA house hack. Do I need 20% in equity to convert into a conventional loan after a year goes by or are there alternate methods to complete a refinance in order to FHA again on the duplex?
James