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Updated about 8 years ago on . Most recent reply

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452
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Michael Dunn
  • Olive Branch, MS
10
Votes |
452
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Removing the PMI on FHA loan once you have.........

Michael Dunn
  • Olive Branch, MS
Posted

I was wondering please, 

Can you have the PMI removed from your FHA loan , SO LONG AS you have " Less Than " 80% LTV on your Primary Residence ( so a LTV of 79%, 78%, 77% , etc. ) ?

And do you have to have owned your Primary Residence for a specific number of years , before the PMI can be removed, EVEN IF you have " Less Than " 80% LTV on your Primary Residence ( so a LTV of 79%, 78%, 77% , etc. ) ?

Thanks so much for the help 

Most Popular Reply

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5,544
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
2,364
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5,544
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

Read the fine print on the mortgage doc - - some loans now have PMI forever.

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