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Updated about 5 years ago,

User Stats

11
Posts
2
Votes
Joel Perez
  • Waukegan, IL
2
Votes |
11
Posts

Refinance out of a 203k FHA loan ,question for mortgage officers.

Joel Perez
  • Waukegan, IL
Posted

Ill be buying my first home next month w/ a 203k FHA loan program. I'm then planning on refinancing out of the FHA loan into a 30 year loan to remove the mortgage insurance after building the equity.

My question is there a limit on the quantity of FHA 203k Loans a single person can take? I'm aware of the one FHA at a time, but will I be able to get another 203k after refinancing into conventional?

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