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Updated over 7 years ago on . Most recent reply
FHA to Conventional to a Second FHA?
Current situation:
I have a FHA Loan on my property and would like to refinance it in order to go purchase a multifamily to owner occupy. I have lived in the current property for 3 years and have near 20% LTV with a new appraisal. The only way to purchase the multifamily would be to either sell the current property or to obtain a FHA owner occupied loan on it as well.
My question:
Is there a waiting period in order to get the second FHA if I refinance my current one to a conventional loan?