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Updated almost 3 years ago on . Most recent reply

Arun Kumar's profile image
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Arun Kumar
  • Member since Apr 22, 2021
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Arun Kumar's profile image
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Arun Kumar
  • Member since Apr 22, 2021
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Arun Kumar
4
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15
Posts
Mortgage Brokers & Lenders

PMI removal on fha loan

Arun Kumar
Posted

Hi,

I have bought my SFH with FHA 3.5 down. Now my property got appreciated more than 15%. Can I request my lender to remove PMI without refinancing ?

Bought on : 12/15/2021

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Dave Skow's profile image
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Dave Skow
  • Lender
  • from Seattle, WA
  • Member since Sep 14, 2014
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Dave Skow's profile image
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Dave Skow
  • Lender
  • from Seattle, WA
  • Member since Sep 14, 2014
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Dave Skow
  • Lender
  • Seattle, WA
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Dave Skow
  • Lender
  • Seattle, WA
Replied

no- FHA mtg is permanent wher you put 3.5% down ...only way to eliminate it is to refinance or payoff the loan

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