• 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
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.
FHA to FHA REFINANCES
When an FHA loan is refinanced, the refund from the old premium may be applied toward the upfront premium required for the new loan.
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.
For more information see:
- the FHA Homeowners Fact Sheet at https://entp.hud.gov/dsrs/help/fhafacts.cfm
- Handbook 4000.1 III.A.1.k.iv. available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh