You can refinance your home as often as you qualify and it makes financial sense, but there is generally no official limit on the number of times you can refinance. Most lenders require a waiting period between refinances, typically around six months, which is often called a "seasoning" period. This waiting period varies by loan type, for example:
- Conventional loans usually require about six months before refinancing again.
- FHA streamline refinances require at least 210 days from the closing date of the existing loan plus six consecutive on-time monthly payments.
- VA streamline refinances also require 210 days plus six monthly payments.
- FHA cash-out refinances may require homeowners to have owned the property for at least 12 months.
It is usually advisable to only refinance when it results in meaningful savings that outweigh the closing costs and other fees. Frequent refinancing can be counterproductive and may affect your credit score or raise lender concerns. In summary, no set limit exists, but common practice and lender rules suggest waiting around six months to a year between refinances and only refinancing when financially beneficial.
