refinance conventional loan to fha

The only way to cancel mortgage insurance on an FHA loan is to refinance it to another type of loan (e.g. conventional, VA, etc.). Down Payment Requirement Down payment is where the two types of loan differ substantially.

Interest Rates On Fha Loans Today Jumbo Loan Rates Lower Than Conventional Rates Stay Low; Bigger Risks/Rewards Next Week – Mortgage-backed bonds, on the other hand, simply returned in line with the best levels of the week. That allowed mortgage lenders to continue offering the best rates of the week (also the best rates.