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Updated over 5 years ago on . Most recent reply

Kumar Gaurav's profile image
Kumar Gaurav's profile image
Kumar Gaurav
  • Member since Apr 30, 2019
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Kumar Gaurav's profile image
Kumar Gaurav's profile image
Kumar Gaurav
  • Member since Apr 30, 2019
Connect
Kumar Gaurav
35
Votes |
258
Posts
Innovative Strategies

Converting Fha to conventional pmi gets waived?

Kumar Gaurav
Posted

hi,Does pmi get waived upon converting an FHA loan to Conventional? For example someone buys a 1 million dollar home with a 3.5 percent down payment and at a later time decides to convert the 30 year FHA to 30 year conventional would that waive the pmi?

Will this conversion require a refinance?

Appreciate your input

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