FHA Mortgage Insurance - Free Foreclosure Help - Loan Modification Help

877YouKeep · #1 (**permalink**) 08-30-2007, 06:37 PM

To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. Insurance
There are special FHA insurance requirements for loans with To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. approval as these loans have special consideration for first time home buyers.

joy · #2 (**permalink**) 09-10-2007, 08:28 AM

Hai Guy!

I am Joy. I have a doubt on FHA mortgage insurance.Can the mortgage insurance premium be discontinued on an FHA loan?

Need Suggestions !

Thanks in advance !

Lew-V · #3 (**permalink**) 09-28-2007, 09:39 PM

i did FHA loans in the old days, in the 90's and, when you built up enough equity in those days you were able to partition to have the MIP dropped. there are new rules nowadays. i'm not sure if that is possible anymore. i would suggest you contact the local HUD Home Center in your area and ask them directly. please, do yourself a favor and don't ask a loan officer if you want the right answer. when i wanted to know, back then, i couldn't find an L/O that had the foggiest clue what they were talking about.