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Updated almost 4 years ago,
Can you get another FHA loan after conventional refinance?
Scenario
I purchased 2 duplexes last year, one as my primary, using FHA, and the other with a conventional investment loan. I'm planning to refinance both properties. The FHA property will be a rate & term only refi into a conventional investment loan. The other property will be cash out refi as primary residence conventional loan. **I will no longer have a FHA loan**.
Question
If I then wait a year (or however long is actually necessary) to convert my now primary property into an investment and then purchase another property as my primary residence, will I be able to once again use a FHA loan to get a 2-4 unit primary property?
Thank you in advance.