FAQs

How do I delete MIP?

For FHA loans, there are a few factors which indicate if you are eligible for early termination of Mortgage Insurance (MI).

If you originated prior to June 2013, please contact us and we will review your options with you. If you originated on or after June 2016, you are not eligible to request early termination of MI. However, if your original LTV was 90% or less, then your MI will be automatically terminated on the 11th year of your mortgage. If your original LTV was greater than 90%, then MI will be required for the life of the loan.