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Updated over 4 years ago,
Fha cash out refinance multiple times in a year
Hello, I am looking to purchase an 4plex and use a fha 203k loan to renovate. After the renovation I would like to do a cash out refi into an 80/20 conventional. After this is done can I apply for another fha loan and repeat. Question: since I have refinanced out of the fha loan, do I still have to owner occupy for atleast 1 year? Question 2: can I legally obtain another fha loan since I would currently not have one after the cash out refi.
Thanks