Am I eligible for FHA mortgage insurance premium refund?


If you have a HUD/FHA mortgage, you could be eligible for partial FHA mortgage insurance premium refund, or for share of the FHA's Mutual Mortgage Insurance Fund earnings. Remember, companies that offer you to collect your refund for a fee are imposters. You owe nothing to get an FHA mortgage insurance premium refund. You only have to be eligible.

FHA Mortgage Insurance Premium Refund Eligibility Requirements

To be eligible for a premium partial refund, you need to have been thorough with your mortgage payments, paid insurance upfront at closing and your loan must have been originated after Sept 1, 1983.

When an FHA loan is assumed, the seller is entitled to no refund. If you refinance an FHA loan, any insurance refund is likely to be applied to the insurance premium of the new FHA mortgage.

The amount of the refund is determined when the loan is fully paid off and depends on the number of months the FHA loan was insured.

As there are several scenarios under which you may be eligible for an FHA / HUD mortgage insurance premium refund, you should contact an FHA / HUD approved lender to advise you in your case and determine how much insurance refund you are entitled to get.

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