How much do i have to put down to get rid of fha mortgage insurance?

Using FHA insured loan programs, there is no amount that you can put down to remove FHA Monthly MI. You can look to utilize Fannie/Freddie programs with as little as 5% with greatly reduced mortgage insurnace or look to put 20% down to avoid mortgage insurance all together. Please feel free to contact me by phone or email for a more in depth explanation particularly as it relates to your specific scenario.

You don't have to put down that much anymore. I can help you out with 5% down and no monthly mortgage insurance. The difference is FHA rates are lower than conventional rates. However over the long-term it's best to go conventional if you have 24% to put down! Contact me if you need assistance!

FHA requires mortgage insurance for the life of the loan regardless of loan to value. Give us a call and we can go over your options to see what the best mortgage product is for you. 800-991-5309 Ask for Michelle

No matter how much you out down on the purchase, you cannot eliminate FHA mortgage insurance. If you have 24% down available, you should consider purchasing a home with a conventional loan. If you put at least 20% of the purchase price down, you will not be required to pay for mortgage insurance.

FHA mortgage insurance will last for the life of the loan in certain scenarios and in other scenarios it will last for 11 years. I would need a bit more information from you to determine where you would stand.With 20% to put down you can get a conventional loan and pay zero MI. With as little as 5% down you can do LPMI ( Lender paid Mortgage Insurance ) which will be built into your interest rate.Call or email me if you have any questions.