Do I need to pay FHA interest and PMI for 2 months when converting to a conventional loan?
Michael Glist (Team.Glist)
#70 ranked lender in Colorado - 27 contributions
No that is incorrect. It is allowed for lenders to collect 2 months interest however not required. Feel free to reach out to me if you have any questions.
Mark Hemingway (SFSLend)
#111 ranked lender in Colorado - 1,535 contributions
Give me a call at 720-837-7295 and I can go over how this works. I am the #1 licensed broker in Colorado on this site and I am here to help.
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