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Updated almost 3 years ago on . Most recent reply

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Winfred Yoder
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Private Lending & Conventional Mortgage Advice

Length of PMI duration on an FHA Loan

Winfred Yoder
Posted

Is private mortgage insurance charged on an FHA loan after 20% of the loan is paid for?

Allentown, Pennsylvania
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Joel Case
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  • from Ocean Springs, MS
  • Member since Jun 6, 2022
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  • from Ocean Springs, MS
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Joel Case
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Joel Case
  • Rental Property Investor
  • Ocean Springs, MS
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Quote from @Winfred Yoder:

Is private mortgage insurance charged on an FHA loan after 20% of the loan is paid for?


 Yes, it is charged until the loan is paid off. 

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