Mortgage Business, Realtor Advice

Does HUD Owe You (or Your Clients) a Refund?

hudseal_teal_1If you are a real estate agent, financial adviser, tax adviser, or attorney –  this a great and helpful message to send to your clients?

If you or one of your clients had an FHA loan that they paid for less than 7 years and then sold the property, they might be eligible for a refund of part of the upfront mortgage insurance premium they paid at settlement.

To see the rules and guidelines for this potential refund, you can go a this page on the HUD (Housing and Urban Development) website and see all the rules and restrictions:

FHA Homeowners Fact Sheet

There is also a special page on the website where you can determine if a refund is owed on a specific FHA loan (you’ll need your case file number from the settlement statement)

Does HUD Owe You A Refund?

If you found this helpful, please forward on to people you know and comment below.  As always, if I can be of any assistance to you or your clients with a real estate financing opportunity please let me know.  I always value and appreciate referrals.

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