You can refinance a mortgage as many times as you want, but there are usually waiting periods called seasoning periods imposed by lenders or loan programs before you can refinance again. These periods vary:
- Conventional loans typically require a waiting period of around 6 months before refinancing, especially for cash-out refinances.
- FHA loans often require 210 days from closing with at least six months and six on-time payments before refinancing via the streamline program; cash-out refinances usually need 12 months ownership.
- VA loans require waiting 210 days after loan closing or first payment, with six consecutive payments, before refinancing.
- USDA loans can require 6 to 12 months waiting depending on the refinance type.
Refinancing multiple times can be costly due to closing costs, so it’s usually recommended to refinance only when it makes financial sense. Some lenders may enforce waiting periods ranging from 6 to 24 months between refinances. Overall, refinancing is possible repeatedly as long as you meet lender requirements and it financially benefits you.
