how early can i refi an fha mortgage after buying

There is NO pre-payment penalty to refinancing after purchasing a home with an FHA loan. I am assuming that the new loan is a Conventional loan which will be based on a new appraisal, and can go up to 95% loan-to-value. Conventional loans that are higher than 80% loan-to-value require some form of mortgage insurance, but you will have several options to choose from that are almost always better than an FHA loan.I hope you take the time to look at my offer. I am located LOCALLY here in Eugene, and work for a large West coast mortgage bank. I will be happy to show you clear Loan Comparisons so you can be fully informed of your options on a refinance.Please call Randy Free Direct Office Phone: (541)984-5428Mortgage Advisor NMLS# 283930 Opes Advisors, Inc. NMLS# 235584"Expert direct lender banking"4710 Village Plaza Loop, Suite 210, Eugene, OR 97401

No limit, but 30 to 60 days from closing are required to get a payoff demand on the existing loan, as the file will be in transit to the servicer. In most cases, the original purchase price will be used to determine the new loan amount, for a period of 12 months, even if the appraisal amount is higher.

It's a good idea to shop around and compare with a few different lenders. For an experienced Mortgage Banker, who is a problem solver committed to educating you about your options so you make the right choices, give me a call. I'm available at 503-515-2309 Chris Barry, American Pacific Mortgage, since 1989

There really is no limit, but you do want to make sure that it does make sense and the lender will want to make sure there is a benefit for you to do so. I suggest waiting 60 to 120 days before refinancing. However, you should speak with a local loan officer and see what your best options are. Best wishes, Sean

hi:May I ask what the loan to value of your current mortgage is? Are you trying to eliminate the monthly FHA MI? Switching to a conventional would be an option to consider but comparison would be highly suggested. Conventional loans over 80% also require Monthly MI or can be financed in new loan as an upfront one time amt or you can also choose Lender Paid MI where lender pays the MI for you. Some options to consider ....If you have questions feel free to contact us. Lending Nationwide as a bank. NMLS 754875 (Mike 703 505 5300) ....Let us know how we may earn your business.