If you have refinanced a FHA loan after January 1, 2001 that was
originally obtained after July 1, 1991 but before January 1, 2001, you may be entitled to
a HUD MIP refund. MIP is the "Mortgage Insurance Premium" that FHA charges on
every FHA loan. Prior to
January 2001, FHA charge a FHA MIP of 2.25% of the loan amount that was financed into your
loan. If you refinanced after January 1, 2001, the new limit was only 1.5%. Due to this
change in FHA guidelines (for actual HUD guidelines, click here) you may be entitled to a FHA refund of the unused portion of the
MIP.
To determine if you are due a
refund from HUD, simply click on the link below and you will be automatically directed to
HUD's MIP Refund research page.
See if you are owed a HUD refund
>>> Research Here.
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