Can I refinance my FHA loan with a conventional loan? - Zillow ...

Yes, as long as you have sufficient equity. This could mean that you have:
1) You now have 20% or more equity (Loan Amt Divided by the Appraised Value)
2) Nothing has changed, and you still have less than 20% equity could possibly bring you a Conventional loan, still with PMI, but possibly less than MIP.
3) Even if none above apply, it would be good to take a look at an FHA Streamline. No appraisal is required.

If you have at least 5% equity, then it would be worth entertaining the thought of a Conventional loan vs.your current FHA.

Source: http://www.zillow.com/advice-thread/Can-I-refinance-my-FHA-loan-with-a-conventional-loan/490484/

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