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Updated over 8 years ago on . Most recent reply

Stephen Wiater's profile image
Stephen Wiater's profile image
Stephen Wiater
  • from Highlands, NJ
  • Member since Jul 13, 2016
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Stephen Wiater's profile image
Stephen Wiater's profile image
Stephen Wiater
  • from Highlands, NJ
  • Member since Jul 13, 2016
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Stephen Wiater
  • Highlands, NJ
9
Votes |
52
Posts
Buying & Selling Real Estate

How long do you pay PMI on FHA loan?

Stephen Wiater
  • Highlands, NJ
Posted

Hi friends, curious how long you would have to pay PMI for a FHA loan, for example if I borrowed $100,000 and put $3,500 down for a FHA loan when will I stop paying the PMI? Any advice is much appreciated thanks!

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Christopher Richardson's profile image
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Christopher Richardson
  • Lender
  • from Haverhill, MA
  • Member since Apr 23, 2016
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Christopher Richardson's profile image
Christopher Richardson's profile image
Christopher Richardson
  • Lender
  • from Haverhill, MA
  • Member since Apr 23, 2016
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Christopher Richardson
  • Lender
  • Haverhill, MA
21
Votes |
60
Posts
Christopher Richardson
  • Lender
  • Haverhill, MA
Replied

Stephen,

Until you refinance out of an FHA loan or pay it off.

Always with my best,

Chris

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