Q&A: Can mortgage insurance come off of an FHA loan?

Posted on Sep 19, 2012 in FHA Information

Question by : Can mortgage insurance come off of an FHA loan?
If you pay down 20% of the principal balance on an FHA loan, what is ed can the mortgage insurance come off?

Best answer:

Answer by Common Sense
No, page unless you’ve had the loan at least 5 years. But remember it’s 20% of the value of the house, not the balance. Many values have dropped the last few years.

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One Comment

  1. Generally YES, but may require you to wait set time or to get professional appraisal
    It’s an extra expense, and one avoided by putting down 20%