FHA streamline refinance now into VA home loan in 2027

Hey everyone, looking for some real‑world experiences or advice.

I bought my first home in June 2025 with an FHA loan, $242k balance, and a 7.125% interest rate. I’ve been in the house for about 8 months now. My credit score is around 650–670.

I won’t be eligible for a VA loan until March 2027, so I can’t do a VA refinance yet. But I’ve been reading about the FHA Streamline Refinance, and it looks like:

• No appraisal
• No income docs
• No credit check required
• Lower closing costs
• Possible refund of some of the upfront MIP since I’m under 3 years
• And I only need to show a “net tangible benefit,” which should be easy since I’m at 7.125%

I’m trying to figure out if it makes sense to refinance now with an FHA Streamline to drop my rate/payment, then refinance again into a VA loan once I’m eligible in 2027 to get rid of mortgage insurance completely.

Has anyone done this two‑step approach (FHA Streamline → VA refinance)?
Did it save you money overall?
Anything I should watch out for?
Any lenders you recommend or avoid?

Just trying to get real opinions from people who’ve actually gone through it.

Thanks in advance.