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PMI with an FHA loan?

I have a home that we bought with an FHA insured loan in 1997 that we financed 99.92%. We currently owe 60K but house is now valued at 135K. When I contacted my mortgage company regarding removal of this they stated that do to the fact it was an FHA loan we are required to pay this until either the home is paid off or we refinance. Anyone know if this is the case or not??


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This entry was posted on Saturday, June 27th, 2009 at 6:47 pm and is filed under FHA Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “PMI with an FHA loan?”

  1. PMI with an FHA loan? says:
    June 27, 2009 at 7:35 pm

    [...] Original post by FHA Loan Rates [...]

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