How soon can I refinance a conventional loan?
For rate-and-term: typically no formal seasoning, but the new lender may want 6+ months of payment history. For cash-out: 6 months minimum on most files, longer for properties acquired through inheritance or recent purchase. The rule applies on the borrower side (payment history) and the property side (recent acquisition).
Plain-English explanation
Rate-and-term refinance seasoning: usually no Fannie/Freddie-imposed wait, but lender overlays often require 6 months of payment history on the existing loan. Cash-out refinance seasoning: minimum 6 months from purchase date for typical files; recent acquisitions and inherited properties have specific rules. Closing-cost recoupment: lenders avoid refinancing files where closing costs won't be recovered within a reasonable window. Subject to Fannie/Freddie guidelines and lender overlays.
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.