I want to refinance my FHA mortgage, but have been told I cant - Zillow

I purchased a house in 2006 (or 07 cant remember) with an FHA mortgage.? The rate is currently 6.375%.? At the time i paid around $3,000 up front for PMI, so I dont pay monthly PMI.??Two years ago?I converted this property into a rental.? I have been told by the banks?where?I live that?I cant?do an FHA Steamline refi because the property is a rental, but?apparently it is possible.? Not sure if they dont know or just dont?feel like fooling with it.? LTV is still probably the same as was when?I purchased the property, although from what?I've read that?shouldn't be an issue.? My credit?score is over 700 and my debt to income is less than 30%.? I would refinance with a commercial loan, but the LTV issue will prevent that.? Loan amount is around $70,000.? Any suggestions?? ?

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1 day ago - US

Source: http://www.zillow.com/advice-thread/I-want-to-refinance-my-FHA-mortgage-but-have-been-told-I-cant-because-its-now-a-rental-property/467561/

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