Absolutely! It is common for borrowers to refinance an FHA Loan, either replacing it with a Conventional Loan or another FHA Loan, in order to remove PMI (Private Mortgage Insurance), cash-out their home’s equity, or change their loan’s terms. FHA also offers a Streamline refinance, which allows FHA borrowers to lower their mortgage rate without pulling credit or verifying income.   For more information on refinancing, visit our re-fi page!