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If a borrower currently has an FHA loan w/MI, after the LTV has reached 80% or less can the MI be canceled?

April 26, 2017borrower Currently FHA loan LTV mi

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If a borrower currently has an FHA loan w/MI, after the LTV has reached 80% or less can the MI be canceled?

1 Answer

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10 Posted

It is best to refer back your lender for specific information on FHA loans. PMI Mortgage Insurance Co. does not insure FHA loans and therefore can not respond regarding FHA policies.