How to Remove PMI From FHA Loan

What Is FHA PMI?

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Rules for Older FHA Loans

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Rules for Newer FHA Loans

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Refinance to a Conventional Loan

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Build Equity Faster

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Get Expert Guidance

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How to Remove PMI From FHA Loan

How to Remove PMI From FHA Loan

What Is FHA PMI?

What Is FHA PMI?

FHA loans include mortgage insurance (PMI) to protect lenders. It adds to your monthly payment. Many homeowners want to remove it to save money.

FHA loans include mortgage insurance (PMI) to protect lenders. It adds to your monthly payment. Many homeowners want to remove it to save money.

Rules for Older FHA Loans

Rules for Older FHA Loans

Loans before June 2013 may drop PMI

Loans before June 2013 may drop PMI

Can be removed after 11 years

Can be removed after 11 years

Or when loan balance hits 78% of home value

Or when loan balance hits 78% of home value

Rules for Newer FHA Loans

Rules for Newer FHA Loans

Loans after June 2013 often keep PMI for life

Loans after June 2013 often keep PMI for life

Lenders follow strict FHA guidelines

Lenders follow strict FHA guidelines

Only way to remove it is by refinancing

Only way to remove it is by refinancing

Refinance to a Conventional Loan

Refinance to a Conventional Loan

Refinancing into a conventional loan is the most common path. You’ll need around 20% home equity. This can reduce monthly costs and remove PMI permanently.

Refinancing into a conventional loan is the most common path. You’ll need around 20% home equity. This can reduce monthly costs and remove PMI permanently.

Build Equity Faster

Build Equity Faster

Make extra mortgage payments

Make extra mortgage payments

Boost property value with improvements

Boost property value with improvements

Reach 20% equity sooner for refinancing options

Reach 20% equity sooner for refinancing options

Get Expert Guidance

Get Expert Guidance

Removing PMI can feel complex, but you don’t have to do it alone. At Alt Financial, we guide you through refinancing and equity strategies so you can save more each month.

Removing PMI can feel complex, but you don’t have to do it alone. At Alt Financial, we guide you through refinancing and equity strategies so you can save more each month.