Post a rental listing on the Zillow Rental Network, the largest rental network on the Web.
Back to Results
I have a question on the FHA annual MIP. My refi was done before the new FHA MIP rules. So I understand these MIP payments won't go away until at least 5 years. Then if my LTV is 78% or less my MIP can go away. My question is what is the exact calculation to determine the 78% LTV? Is it based on the original purchase price/appraisal value or is it whatever the appraised value is at the time I am looking to get rid of the MIP?
So for example – my house sold for $309K. After five years my home is then appraised at $350k. Which value does FHA use to determine the LTV?I see conflicting responses in my web search. If you are certain of your answer, please share.Thanks!
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $285,000
For Sale: $379,000
For Sale: $149,000