Are you taking advantage of the FHA Streamline Refinance changes in June? If so, then you may be eligible for a partial refund of your original Up Front Mortgage Insurance Premium. Homeowners that have had their current FHA mortgage for less than 3 years will receive a prorated refund of their original Up Front Mortgage Insurance Premium (UFMIP) at closing. You will see the refund as a credit on your Settlement Statement (HUD-1) at closing.
FHA STREAMLINE MIP REFUND CHART
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