Is this FHA upfront mortgage premium refundable when ltv reach 80 %??? or it is just the part of MI which is

Asked by Rabia, National City, CA Thu May 21, 2009

paid upfront????

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Steven Ornel…, Agent, Fremont, CA
Thu May 21, 2009
Hi Rabia,

FHA requires you will have to pay Mortgage Insurance for a MINIMUM of 5 years, or until you have paid your original LOAN AMOUNT down to 78% (not that the loan amount is 80% of current market value, which is typical for non-FHA MI removal). This "78% or 5-year Rule" before Mortgage insurance can be terminated is covered here:…

MI refund is based on a few things, and can be reviewed here:

Best, Steve
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