aRE yOU oWED a rEFuND?

Premium Refund: You may be eligible for a refund of a portion of the insurance premium if you:

• acquired your loan after September 1, 1983
• paid an up-front mortgage insurance premium at closing and
• did not default on your mortgage payments.

Review your settlement papers or check with your mortgage company to determine if you paid an up-front premium.

Distributive Share: You may be eligible for a share of any excess earnings from the Mutual Mortgage Insurance Fund if you:

• originated your loan before September 1, 1983
• paid on your loan for more than seven years and
• had your FHA insurance terminated before November 5, 1990.

Assumptions: When an FHA-insured loan is assumed, the insurance remains in force (the seller receives no refund). The owner(s) of the property at the time the insurance is terminated is entitled to any refund.Exceptions:

FHA to FHA Refinances: When an FHA loan is refinanced, the refund from the old premium may be applied toward the up-front premium required for the new loan.

Claims: When a mortgage company submits a claim to HUD for insurance benefits, no refund is due the homeowner.

Statute of Limitations: HUD is not liable for a distributive share that remains unclaimed 6 years from the date notification was first sent to the last known address of the mortgagor.

If you do not receive your FHA Mortgage Insurance Premium refund check or an application for refund within 60 days after you have paid off your mortgage, FHARefunds.com can assist you with the recovery of your FHA Mortgage Insurance Premium refund. Submit an inquiry and we will do all the foot work for free and contact you, hopefully with good news!