Does FHA have Seasoning Requirements for Refinance transactions?
No Cash Out Refinance: If the property was acquired less than one year before the loan application and is not already FHA-insured, the original sales price of the property must be considered in determining the maximum loan amount. Cash Out Refinance: The subject property must have been owned by the borrower as his or her principal residence for at least 12 months preceding the date of the loan application. Streamline Refinance (FHA to FHA Rate/Term Refi): Except for loans that were assumed, there are no seasoning requirements for streamline refinances.