HUD 221 d4 PMI
Can someone tell me if the PMI on a 40 year HUD 221 d4 construction loan is for the entire term of the loan or is removed after the proper equity metric is met as with normal FHA loans?
Can someone tell me if the PMI on a 40 year HUD 221 d4 construction loan is for the entire term of the loan or is removed after the proper equity metric is met as with normal FHA loans?
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Are you referring to the MIP? If so, it’s for the life of the loan
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