How Long Does the Borrower Have to Pay FHA Mortgage Insurance?

Your annual MIP duration will depend on the amortization terms and LTV ratios on the date of your loan origination.

For loans with FHA case number assigned on or after June 3, 2013:

The borrower must pay mortgage insurance for the loan period if the LTV is greater than 90% at the time the loan originated. If your LTV is 90% or less, the borrower will pay mortgage insurance for a mortgage or 11 year period, whichever happens first.

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Term Original Down Payment Duration

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15 years or less less than 10% Life of loan

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15 years or less 10% or higher 11 years

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Over 15 years less than 10% Life of loan

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Over 15 years 10% or higher 11 years

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For loans with FHA case numbers assigned before June 3, 2013:

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Term Original Down Payment Duration

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15 years or less 22% or higher No annual MIP

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15 years or less less than 22% Cancelled at 78% LTV