I bought my house in 2007 with an FHA loan. I believe the terms of the loan state that the house must be my primary residence for 5 years before selling it or refinancing.
I want to buy a condo and relocate to New York in the next 3 years. I’m saving [...]

I’m looking into refinancing my home to get out of an adjustable rate and I’ve received two excellent faith estimates. Both for FHA loans. It’s a 95% loan and one company says they can get me the loan without mortgage insurance and the other says it’s a requirement.
Well I’m being assured that this FHA loan [...]

The problem is that I am over 80% LTV on my primary residence. Can I do a FHA loan? I am currently at 90%LTV. Is this the best thing to do? Anyone have any other suggestions? Even with PMI on a FHA loan, my refinance will be a better interest rate and lower monthly [...]

I have a 15 year FHA loan that origninated June 2 2008. I had a 10% downpayment and had upfront PMI tacked on to the loan. I would now like to refinance to a 30 year conventional loan with 20% down. Will a percentage of my current PMI be removed or have [...]

I was told FHA loans can not be refinanced for 12 months using a new appraised price (the refi has to be on the buy price, not the appraised price). That is right, but, I was also told that I would have to wait for 6 months after the buy to refi with a [...]

A friend of mine is trying to refinance. But, he ran into some issues that will not allow him to get approved for this loan conventionally. Can FHA be a viable option for someone who is looking for a cash out refinance? I told him that there would still be that upfront [...]