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Updated over 8 years ago on . Most recent reply

David Alvarez's profile image
David Alvarez's profile image
David Alvarez
  • from Tucson, Arizona
  • Member since Jul 27, 2016
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David Alvarez's profile image
David Alvarez's profile image
David Alvarez
  • from Tucson, Arizona
  • Member since Jul 27, 2016
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David Alvarez
  • Tucson, AZ
2
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Regarding PMI for FHA Loan's & Arizona

David Alvarez
  • Tucson, AZ
Posted

Hi there,

I'm looking for a way to get rid of PMI (private mortage insurance) Just to give you the details. I purchased the home for 94,000 with a FHA loan putting a 3.5 percent down payment of $4000.00. That made the loan amount 91,000. It's been 4 years and some months that I have purchased the property with my current balance owing balance is 79,350.00. So with those details could I possibly get rid of the PMI? Any help is appreciated!

Sincerely,

David

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Kyle Scofield's profile image
Kyle Scofield's profile image
Kyle Scofield
  • Real Estate Investor
  • from Madison, South Dakota
  • Member since Nov 20, 2015
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Kyle Scofield's profile image
Kyle Scofield's profile image
Kyle Scofield
  • Real Estate Investor
  • from Madison, South Dakota
  • Member since Nov 20, 2015
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Kyle Scofield
  • Real Estate Investor
  • Madison, SD
61
Votes |
187
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Kyle Scofield
  • Real Estate Investor
  • Madison, SD
Replied

@David Alvarez PMI lasts for the entire duration of the FHA loan I believe

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