Being that my year living here is coming up, I was hoping to refinance into conventional and buy again with the 5% Fannie Mae. 

With a primary residence you will likely get the best rate too.I will add that 5% conventional doesn't work as well as 3.5% FHA.

I’m trying to stay away from FHA and get a conventional to avoid the FHA insurance. 

Are interest rates and loan-to-value (LTV) ratios competitive compared to conventional financing?

Did you go FHA or conventional?

I guess I would have to buy an extra ticket if someone else came with me to the convention. 

Are you using conventional financing?

@Jimmy Leaton depending on your situation you might want to leave the equity in the first house for now and just go buy another primary residence using a 5% down payment conventional loan.

which is fine Iv done plenty of cash deals but always using my own money I haven’t ever borrowed someone’s money or had a hard money lender typically on deals that wore 100k-250k Iv also used conventional financing before for flips and so on But recently every house worth looking at in my area is around 400k-550k for a fixer upper.

Necessary Stats:Credit Score: 740+Loan Type/Amount: Conventional/$320KProjected Income: $3100 (including me paying myself rent)Down Payment: 5%Let me know if there is extra info needed and thanks ahead of time for any advice that is offered!