+1 vote
I have a good rate (3.75%) but have a MIP that is still the recession rate (HIGH) and am wanting to refinance to get that adjusted down. I have a 30 year FHA loan with the last refinance in April 2013. I have since read about USDA loans. One lender was helping me refinance to a USDA loan but was not able to get an appraiser out before the lock ran out so I decided not to pay to extend the lock. Since then I chose another lender who works with USDA loans and she said I could not refinance from an FHA loan to a USDA loan. Who is correct?
asked Aug 9 in Refinancing by anonymous

1 Answer

0 votes
You can refinance your FHA to USDA Home Loan as long as the property is in a USDA designated county/area and you meet all of the USDA Mortgage Guidelines
answered Aug 9 by GustanCho (106,540 points)
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