We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How Do I Get a Mortgage Insurance Refund?

Malcolm Tatum
By
Updated Jun 04, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Applying for and receiving a mortgage insurance refund is possible under a limited range of circumstances. Depending on the terms of the coverage and when the premium was tendered, some homeowners may be able to receive the refund, as long as they meet certain criteria once the mortgage has been settled. While the exact procedures for requesting and receiving the mortgage insurance refund will vary, most require filing a specific form or request, along with providing supporting documentation to confirm that the homeowner is eligible for the refund.

In the United States, there are specific requirements set by the Federal Housing Administration or FHA that allow for some homeowners to receive a mortgage insurance refund. The Department of Housing and Urban Development, also known as HUD, follows the same basic guidelines. As a first step, the applicant must be able to demonstrate that he or she received the mortgage loan after 1 September 1983. Along with this qualification, documentation surrounding the granting of the mortgage must confirm that a mortgage insurance premium was paid at the time of closing. As a third requirement, the payment history on the mortgage must affirm that the homeowner did not default on the mortgage payments.

Additional requirements may apply to obtaining a mortgage insurance refund on a HUD or FHA mortgage, depending on the specific circumstances that apply to the mortgage loan. Both government agencies maintain websites that provide current information that includes frequently asked questions that have to do with applying for a mortgage insurance refund. Forms and checklists that aid in the process of submitting a formal request can also be obtained from the websites. In addition to the resources found on the FHA and HUD sites, a number of mortgage lenders also provide assistance to homeowners, helping them determine if they do qualify for the refund and even providing help with the actual filing.

Similar processes for researching and qualifying for mortgage insurance refunds are utilized in different countries around the world. In most cases, governmental regulations help to determine what type of documents must be provided along with a formal application, and supply instructions for submitting the completed request along with that supporting documentation. Today, submitting a request for a mortgage insurance fund can often be managed online, a benefit that can often help to expedite the processing and allow the qualified homeowner to receive the refund in a shorter period of time.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGeek, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.
Discussion Comments
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.