Number of Payments Required Before Doing a Rate/Term Refinance

Question: Does FHA require a minimum number of 12 payments made for an FHA rate/term refinance? Answer: FHA does not require a minimum ’12 months of payments’ for a rate/term refinance.  They do have 2 requirements that are both based on ACQUISITION date, NOT number of payments made: In order to do a 97.75% LTV […]

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