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In general how long do you have to wait to refinance on a 203k loan?

by joeykmatone230 from South Plainfield, New Jersey. Apr 30th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

More info would be needed. You can refinance after 6 months but appraised value would be used. to go off new appraised value 12 months. Give us a call and we can discuss further and give you all the information you need. 201-962-3555 or 800-991-5309 ask for Michelle

Apr 30th 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

FHA says you have to wait 6 months and have a "net tangible benefit" of 5% lower monthly payment.. 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

Apr 30th 2014
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Michael Grande (mikegrande)
#113 ranked lender in New Jersey - 2 contributions

usually as soon as you are finshed i could refinace you right out of it.. call meMichael GrandeSenior Loan OfficerPinnacle Mortgage, Inc383 Ridgedale AvenueEast Hanover, NJ 07936Cellular: 973-650-4601Office Direct: 973-585-2742Fax: 973-531-4511NLMS # 4061mgrande@pinnaclemortgage.biz www.mgrandemortgages.com

Apr 30th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,930 contributions

After you've made your first 6 payments, you are good to go again. But does it make sense?

Apr 30th 2014
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Scott Singer (ssinger)
#101 ranked lender in New Jersey - 28 contributions

Into another FHA loan or to a conventional loan? Some more info is needed here to accurately answer your question. I am a direct lender nearby in Westfield. Millenium Home Mortgage, here for 16 years. Call anytime, 908-303-1367-Scott Singer.

May 1st 2014
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6 months. Let's go for it

May 1st 2014
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