Can a FHA loan be refinance into a conventional loan after 120 days from purchase date?
Sep 21, 2009
I was told FHA loans can not be refinanced for 12 months using a new appraised price (the refi has to be on the purchase price, not the appraised price). That is true, however, I was also told that I would have to wait for 6 months after the purchase to refi with a conventional loan using the appraised value rather than sale price. Is this true.. as much info as possible would be great
