Title refinance question

[Pete Jimenez]

Hello, BP! I have a question regarding being on title of a multifamily. My mom is purchasing a 4 plex under her name and she will be putting me on title only. She is getting an FHA loan and living in one of the units as her primary residence.

Again, I will be on the title of the 4 plex but will not be on the mortgage. 

Question: Can we refinance the loan in one or two years and take her off the loan? Assuming I qualify, would I have to give a downpayment to take full ownership of the home? Would it be a traditional sale? Or could we just refinance into a conventional loan only in my name and take her off title. Again, I understand I'd need to qualify for a conventional loan. Just not sure if I'd have to give a down payment like a traditional sale or if its different because I am on title. Thank you!