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Updated about 8 years ago,
Refinancing out of an FHA
I'm looking to refinance a duplex that I'm owner occupy out of an FHA loan into a convention loan with 85%LTV. Even at a higher rate my loan payback is less then with an FHA backed loan. If I do this and decide that I want to buy another multi-unit in the future am I able to use an FHA to do this? I like the 3.5% down that an FHA provides.