FHA - Unclaimed PMI Mortgage Insurance Refunds!

For years we were always told that you MUST have PMI (Private Mortgage Insurance) when you get an FHA loan. It was a necessary evil but often added a significant amount to your mortgage payment if the entire amount is not pre-paid in your closing costs.
What we were often NOT told is that once you refinance to a NON-FHA loan or have the PMI removed when you reach 20% equity in your home you are due a refund of any PRE-Paid Private Mortgage Insurance (PMI). If you have refinanced an FHA mortgage you MAY be due a refund if your PMI was fully prepaid.

Please note that there is a 6 year statute of limitations on how long they must hold on to the unclaimed funds (6 years from the first attempt to notify you at your last known address)

The Department of Housing and Urban Development (HUD) who administers the FHA program has a website available for you to search for any unclaimed funds.

The information and search page can be found here:



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Karen Totty, Realtor

EXIT Alliance Realty


CalBRE 01824834

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