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What is FHA Insurance on my loan, and can I cancel the premium?

April 26, 2017cancel FHA Insurance loan Premium

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What is FHA Insurance on my loan, and can I cancel the premium?

1 Answer

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CalHFA is unable to delete the mortgage insurance requirement for FHA loans because they are collateral for tax exempt bonds. There are advantages to having an FHA insured loan. With FHA loans, customers are eligible for the temporary mortgage assistance payment plan and other programs. If you have a FHA loan and would like more information on the FHA insurance, please review your closing paperwork.