Can I refinance from FHA to conventional?
Yes. The most common reason: removing FHA's lifelong MIP. If the loan has appreciated enough that the new conventional LTV is below 80%, refinancing eliminates the monthly MI entirely. If between 80-97% LTV, the borrower trades MIP for PMI but still benefits if PMI is cheaper at the borrower's credit score.
Plain-English explanation
FHA-to-conventional refinance math: new rate vs old rate + old MIP + closing costs. Borrowers with strong credit (720+) often see meaningful PMI cost reduction even when LTV is still above 80%. Below 80% LTV, the refi eliminates monthly MI entirely — a real win. Compare a HELOC or rate-and-term refinance based on the file. Subject to Fannie/Freddie guidelines.
What can change the answer?
Rate environment, equity, credit, current loan type, seasoning, AUS findings (appraisal waiver eligibility), and program rules can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Refinance
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.