best way to go from fha loan to conventional

Need more details, but I could definitely help you out. Ralph Guertin Bayburg Financial 954-274-7725 Ralphg@bayburg.com

All FHA loans have mortgage insurance. So assuming that you qualify for a conventional loan, you would refinance from an FHA loan to a conventional loan to lower the rate and remove the MI. Note that you also need the equity of at least 20% in your home in order to avoid the PMI with a conventional loan as well. I'd be happy to chat more with you about it if you need more one on one advice.All the Best,Maureen MartinMMartin@JMJFinancial.com

Hi Alina,Your credit score is definitely good enough for a conventional loan. There are other factors involved, however. Please feel free to give me a call 408-615-8500 or email at elva@ewormley.com to discuss your options.Best regards, Elva

I can help you and remove the PMI and reduce your rate too. Call me at 4088933523 if you are on calif

If you have 20% equity and otherwise qualify you should just get a new loan. If you don't have 20% equity you could still get a lower rate if you go with a lender paid MI. This is where the lender pays your MI but charges you a slightly higher rate to cover it, which should be less than 6.2%. You can also get a new loan, continue to pay the MI but have a lower rate if you don't have the equity. I can only lend in CO so if you are in my state give me a call at 970-748-0342 to discuss further, otherwise I am sure there are some good lenders on here from your state that can help you.

You start by contacting a local mortgage broker and apply with them.. once they see the complete loan profile (Loan to value, origination date, MI factor, etc..) then they can properly quote you the best alternative for you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes, conventional refinance woudl be the best way and even if you dont have 20% equity there might be some options for you to either go with a Lender Paid MI (LMPI option to not have to pay it. However, with a decent credit score and good loan to value the conventional MI costs are considerably less than that of an FHA loan.