When you’ve paid off your FHA home loan in full, you could be entitled to a refund of a portion of that up front FHA loan mortgage insurance premium, unless your loan was assumed or the FHA loan was refinanced in an FHA to FHA refinancing program.

FREE CREDIT SCORE

Do you know what's on
your credit report?

- SEE IT NOW -

FHA Loan Articles

News, updates, and explanations to keep you informed.

How are FHA Refunds Determined?

Are you eligible for a refund from the government on your FHA home loan? If you took out your FHA loan after September 1st, 1983, paid an up front mortgage insurance premium and were on time with your FHA mortgage payments, the answer may be yes.

According to the Department of Housing and Urban Development, upfront mortgage insurance or MIP is a requirement for most FHA mortgage insurance plans. FHA loan rules require lenders to submit MIP payments on FHA home loans within a 10 day period after the closing date or disbursement date, whichever comes last.

When you’ve paid off your FHA home loan in full, you could be entitled to a refund of a portion of that up front FHA loan mortgage insurance premium, unless your loan was assumed or the FHA loan was refinanced in an FHA to FHA refinancing program. If you are eligible, there is some important information to keep in mind when anticipating that refund check.

FHA DECIDES THE AMOUNT

According to the Department of Housing and Urban Development, the FHA Commissioner determines what portion of you up-front premium will be refunded after your loan is terminated.

REFUNDS ARE TIME-BASED

How long was your loan insured? Your refund is calculated based on the total number of months.

SOME EXCLUSIONS MAY APPLY

Was your FHA home loan closed before January 1, 2001 and endorsed before December 8, 2004? If so, FHA rules say no refunds are owed after the end of the seventh year of insurance. For FHA-insured loans with closing dates on or after January 1, 2001 and endorsed before December 8, 2004, FHA borrowers aren’t owed refunds after the fifth year of insurance.

If you are eligible for an FHA loan up front mortgage insurance premium, you should get an application form (or sometimes the refund itself) within 45 days after your loan has been paid in full.

If you don’t receive the application or payment, call your loan officer to make sure a mortgage insurance termination request has been filed. If you need to contact the FHA about your refund, make sure you have your FHA case number. You may also need supporting documentation if you are divorced, recently married or have had your name legally changed.

If a co-borrower has died, you will need supporting evidence in the form of a death certificate and the birth certificates of any heirs where applicable.

FHA NEWS and RELATED ARTICLES

:: What You Should Know About FHA Loan Origination Fees

:: The FHA Short Refinance Option—Help For Non-FHA Borrowers

:: What Does the FHA Reform Act Mean for New Borrowers?

:: FHA Policy Changes You Should Know About

:: Alimony, Child Support and Separate Maintenance--Does it Count as Income?

:: Can I Still Get a First Time Homebuyer's Tax Credit?

:: 2010 BAH Rate Protection

:: Help for Struggling Home Owners from FHA and Homeowner Bailout Plan

:: Up Front Mortgage Insurance Premium Changes for FHA Loans

:: What is the FHA Hardest-Hit Program?

:: Is the Obama Home Affordable Program Open to Those with VA Loans?

:: FBI Issues Scam Warning for Home Equity Conversion Loans

:: How are FHA Refunds Determined?

:: FHA Issues Sanctions Against 120 Lenders

:: FHA Reverse Mortgages: Getting Paid and Paying Back

:: FHA Updates Rules on 2009 Tax Credit and FHA Loan Down Payments

:: FHA Reverse Mortgage Terms and Fees

:: Tax Break Money and FHA Loan Downpayments

:: When Do I Have To Pay Back My FHA Reverse Mortgage?

:: What is an FHA Reverse Mortgage?

:: FHA Home Loans Growing In Spite of Housing Slump

:: What Is RESPA and How Does It Affect My FHA Loan?

:: Does the FHA Owe You a Refund?

:: FHA Home Loans and Property Taxes

:: What is an FHA Energy Efficient Mortgage?

:: The FHA and the Government Crackdown on Loan Fraud

:: What is the Second Lien Program?

:: Prepaying FHA Loans

:: FHA Loan Myths -- The Self-employed and FHA Loan Qualification

:: What is a 'Non-Purchasing Spouse?'

:: Could Down Payment Assistance Programs Make a Comeback?

:: The 2009 First-Time Homebuyer's Tax Credit

:: $8,000 Worth of Great News for First-Time FHA Loan Homebuyers

:: The Obama Mortgage After Five Years of Loan Modification

:: Understanding the Obama Mortgage Questionnaire

:: Mortgage Insurance and the Obama Mortgage

:: What Happens Once I am Approved for Loan Modification?

:: Should I Pay a Credit Counselor to Get Help With An Obama Mortgage?

:: Will the Obama Mortgage Lower My Payments?

:: What You Should Know About Obama Loan Modification

:: FHA Cash-Out Refinancing Changes as of April 2009

:: FHA Streamline Loan Defined

:: Cash Back, Closing Costs and FHA Streamline Loans

:: FHA Streamline Loan Requirements

:: How to Prepare for FHA Streamline Loans

:: FHA Secure Refinancing Cancelled

:: Should I Consider an FHA Refinance Loan?

:: FHA Refinance Questions You Should Be Ready To Answer

:: What Should I Know About the Terms for FHA Refinancing?

:: Credit Rating, Missed Payments, and FHA Refinance Loans

:: Why Should I Consider an FHA Home Purchase Loan?

:: FHA Loans and Your Rights

:: Can I Make an FHA Home Purchase for a "Fixer-Upper"?

Qualify for an FHA Loan

FHA Mortgage Rates

CALL FOR FHA RATES

(888) 380-0077

Speak to a lender now.

We will match calls to our toll free number with our network of preferred FHA lenders.

Sites and Offers of Interest

Free FHA Limits Calculator

Display current FHA loan limits for states and counties on your real estate, mortgage, or community website.

Get: FHA Limits Widget

FEATURED SITES:

Helping you make the best financial choices, build wealth, and save money during and after your military service.

-- Military Insurance
-- Military Pay
-- GI Bill Education
-- Military Finance

Offering VA loan products that meet the home financing needs of active duty military and veterans across the country.

-- VA Loan Limits
-- VA Loan Refinance
-- VA Loan Guidelines

Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting. FHA.com is a privately owned website that provides information about FHA guaranteed home loans, and is not associated with the federal government or HUD / FHA.

FHA LOAN TYPES:

-- FHA Refinance
-- FHA Home Loan
-- FHA Secure
-- FHA Reverse
-- FHA Loan (fixed rate)

SPECIAL FHA TOPICS:

-- FHA Down Payments
-- FHA in Your City
-- Obama Mortgage
-- HOPE Act
-- FHA Mortgage Tips
-- FHA Loan Prequalify
-- Other Loan Types
-- FHA Loan Questions

FHA Foreclosed Homes

SEARCH FOR FREE!

Search by State

- or -

Enter Zip Code

- A Military Hub Site -

Military guidelines, regulations, and benefits are introduced each year for everything from Military Pay Charts to your VA Loan benefits. We can help you stay informed.

> See also: 2009 Military