Zillow Advice: FHA and VA Loans - FHA 203K 5/1 Arm and Refinance http://www.zillow.com/advice-thread/FHA-203K-5-1-Arm-and-Refinance/502125/ Zillow Advice | Zillow Real Estate [Promotion and contact information ... http://www.zillow.com/advice-thread/FHA-203K-5-1-Arm-and-Refinance/502125/ <div style="text-align: right;">[Promotion and contact information removed by Zillow moderator. Please see our&nbsp;<u><a style="text-align: right;" rel="nofollow" title="Good Neighbor Policy" href="/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a></u>&nbsp;for information.]</div> Wed, 23 Oct 2013 03:22:00 GMT http://www.zillow.com/advice-thread/FHA-203K-5-1-Arm-and-Refinance/502125/ 2013-10-23T03:22:00Z I am in the process of the ... http://www.zillow.com/advice-thread/FHA-203K-5-1-Arm-and-Refinance/502125/ I am in the process of the acquiring the same type of loan and my loan officer indicates the 203k 5/1 ARM will keep my monthly payment down.&nbsp; The 5/1 ARM is considered "safe" in today's market but be sure to ask for a program that you can refinance within 6 months.&nbsp; It might not be available but it's worth asking for and then you can refinance into a conventional as quickly as possible to get rid of the MI.&nbsp; Good luck and keep us posted! Thu, 08 Aug 2013 11:56:00 GMT http://www.zillow.com/advice-thread/FHA-203K-5-1-Arm-and-Refinance/502125/ 2013-08-08T11:56:00Z