+1 vote
asked Apr 11, 2018 in FHA Loans by anonymous

1 Answer

0 votes
Depends when you took out your FHA LOAN. If you have the older FHA annual mortgage insurance premium of 1.35% and had that  FHA LOAN for 5 years then the FHA MIP can be removed and eliminated. However if your FHA MIP IS 0.85% on a 30 year fixed rate FHA LOAN, the annual FHA MIP cannot be eliminated no matter how low your loan to value is.
answered Apr 11, 2018 by GustanCho (106,540 points)

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