Best answer


If you’re in a home financed through an FHA mortgage and want to refinance it and then rent your home out,astreamline refinance is usually preferable. FHA mortgage streamline refinancing is relatively quick,too,though it doesn’t allow for a cash-out option.

People also ask


  • Should you refinance your rental property or own it?

  • When you refinance as a homeowner instead of a landlord, you will typically have lower interest rates and a higher allowable loan-to-value. For example, you may need to have an 80 percent LTV for a rental property, but could have up to a 95 percent LTV on your personal residence.

  • How long do you have to rent out your house before refinancing?

  • Refinancing and Waiting. FHA initial mortgage loan and refinancing guidelines require borrowers to occupy their homes for at least one year before they can rent them out. If you want to pull cash out of your home through an FHA mortgage refinance and then rent your home out, simply use the standard refinance program and then wait a year.

  • Can you rent out your house with an FHA loan?

  • FHA initial mortgage loan and refinancing guidelines require borrowers to occupy their homes for at least one year before they can rent them out. If you want to pull cash out of your home through an FHA mortgage refinance and then rent your home out, simply use the standard refinance program and then wait a year.

  • Should you move out when refinancing a house?

  • However, if you refinance as your primary and life events force a move, such as you get a job transfer that makes living in the property impractical, then moving out would be acceptable.