+1 vote
asked Apr 7, 2018 in FHA Loans by Conn Russell

1 Answer

0 votes
If your current FHA mortgage insurance premium is at 0.85%, you are stuck with the Annual FHA MIP for the life of the FHA LOAN.  If your FHA MIP is at 1.35%, and had your FHA LOAN for at least five years and have 78% LTV, the annual FHA MIP can be removed.  You need to contact your current lender and notify them.  A new appraisal may be required.
answered Apr 7, 2018 by GustanCho (106,540 points)

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