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Updated over 3 years ago on . Most recent reply

Douglas Chasse's profile image
Douglas Chasse's profile image
Douglas Chasse
  • Investor
  • from Connecticut
  • Member since Sep 9, 2019
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Douglas Chasse's profile image
Douglas Chasse's profile image
Douglas Chasse
  • Investor
  • from Connecticut
  • Member since Sep 9, 2019
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Douglas Chasse
  • Investor
  • Connecticut
5
Votes |
17
Posts
Connecticut Real Estate Q&A Discussion Forum

Does FHA loan require MIP with 20 percent down?

Douglas Chasse
  • Investor
  • Connecticut
Posted

Do FHA loans still require you to pay a mortgage insurance premium if you put 20 percent down?

1 Vote
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Everett J.'s profile image
Everett J.'s profile image
Everett J.
  • Lender
  • from Charlotte, NC
  • Member since Aug 29, 2016
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Everett J.'s profile image
Everett J.'s profile image
Everett J.
  • Lender
  • from Charlotte, NC
  • Member since Aug 29, 2016
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Everett J.
  • Lender
  • Charlotte, NC
6
Votes |
11
Posts
Everett J.
  • Lender
  • Charlotte, NC
Replied

If you are putting down 20%, then the MIP ends at year 11, unless you sell or refi.

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