Refinancing after a foreclosure - is it really 7 years?Are there any exceptions to the 7 year wait period in order to qualify for a conventional loan after a foreclosure? I am looking to refinance my FHA loan (which commenced after the new 6/13 law that MIP has to be paid for a minimum of 11 years). Home is worth $350,000. Loan is currently $270,000. Will have $200,000 to pay down so only looking for a mortgage of $70,000. How can I get a conventional loan and not FHA? Are there any other alternatives?June 19 - Estero00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.