Conventional Loan. 20% down, Purchased Points to get the rate to 2.875.

Then got an appraisal for a new value of $450k The bank refinance at an LTV of 80% ($360k loan), that refi paid off the first mortgage and I was left with $70k.NOTES:-Conventional banks won't lend you rehab money, you'll have to seek out a HML or private money-Now with Covid, banks are typically around 70%LTV on a refi 

It does take more time being the coordinator of everything, especially without a digital signatires platform, but it's not impossible with a title company as the backstop.   

Someone out there is going to have a product that will get him a conventional loan with less than the 2 years requirements mentioned above. 

My question is can I refinance the FHA to conventional to drop PMI even with the HELOC?

Conventional Mortgage How did you add value to the deal?

@Mark Welp I don't think most conventional 30 year prime residential loans are callable based on decreased equity but I don't know about sub-prime or other types of loans- I only know about the limited types of loans I actually hold.

I currently have a conventional loan and put 15% down what would be the best financing option for me to pick up a second property? 

Is it possible for me to purchase the property outright in cash, then once the deal is over and I own the property, take out a loan or refinance into a conventional loan with a more typical 20% down and get the rest of my cash out?

I've gotten mixed information from conventional lenders in terms of being able to refinance a cash or hard money property.