Zillow Advice: Mortgage Types - Presently have FHA loan since 1 year, can i convert it to conventional. Will it be possible to refin http://www.zillow.com/advice-thread/Presently-have-FHA-loan-since-1-year-can-i-convert-it-to-conventional-Will-it-be-possible-to-refin/440018/ Zillow Advice | Zillow Real Estate Like Clay said you will need ... http://www.zillow.com/advice-thread/Presently-have-FHA-loan-since-1-year-can-i-convert-it-to-conventional-Will-it-be-possible-to-refin/440018/ <p>Like Clay said you will need at least 5% equity in the property. With a year in the property you will have no problem using the appraised value. If you are looking at doing a streamline you will have to stay in an FHA loan to do so. I would contact a local loan officer or two and see what options they have for you.<br/><br/>Good luck :)</p> Fri, 04 May 2012 07:42:00 GMT http://www.zillow.com/advice-thread/Presently-have-FHA-loan-since-1-year-can-i-convert-it-to-conventional-Will-it-be-possible-to-refin/440018/ 2012-05-04T07:42:00Z if you have 5% equity. ... http://www.zillow.com/advice-thread/Presently-have-FHA-loan-since-1-year-can-i-convert-it-to-conventional-Will-it-be-possible-to-refin/440018/ if you have 5% equity. <br/><br/>&nbsp; Mon, 23 Apr 2012 17:37:00 GMT http://www.zillow.com/advice-thread/Presently-have-FHA-loan-since-1-year-can-i-convert-it-to-conventional-Will-it-be-possible-to-refin/440018/ 2012-04-23T17:37:00Z