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How do I convert from a conventional loan to an FHA loan?

  • August 19 2012 - Elgin
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Answers (4)

you do not need to convert the conventional loan over.  Just apply for a 203k loan and take it from there.  The loan will pay off the current mortgage and then you take the balance for the renovations
  • July 31 2014
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Would it be beneficial to refinance and convert a conventional loan to an fha , in order to apply for a 203 k?
  • July 31 2014
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I can see why you might want to go FHA if you have a higher rate and lower credit scores. The 30 year fixed is more advantageous in FHA; but it all depends on your situation.
Like he said (earlier post), just apply for a new loan (FHA).
  • August 20 2012
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Nothing special, just apply for an FHA loan. Why do you think it would be an advantage to change to an FHA loan?
  • August 19 2012
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