fha

Can mortgage insurance ever be removed on an FHA mortgage?

Can mortgage insurance ever be removed on an FHA mortgage?

3 min read fha
For FHA mortgages orginated after June 2013, mortgage insurance stays on the mortgage for the life of the mortgage. Except if you put 10%+ down payment when you orginated the mortgage, then mortgage insurance drops off after year 11.
Can I have more than one FHA mortgage?

Can I have more than one FHA mortgage?

5 min read fha
The Federal Housing Administration (FHA) mortgage program is a popular choice for many homebuyers due to its low down payment requirements, flat mortgage insurance and flexible credit and income rules