FHA MIP loan

[Charlotte Wilson]

I am interested in getting an FHA loan for my first real estate investment property but do not want to MIP loan term. Is this a type of loan I can refinance down the line to remove the MIP? If so, is there a timeline of when that refinancing can happen?

[Natalie Whalen]

Hi there! 

I'm a rookie with no experience who is also interested in pursuing house hacking. My interest has switched to the FHA 403k loan. My biggest question is once a rehab is finished, would it make more sense to refinance to a conventional loan or to a FHA loan? Do i need to refinance it at that point at all? Would the equity from the rehab speed up the process to be able to get out of the MI if i were to decide to switch to a normal FHA?