Stop Paying FHA Mortgage Insurance Refinance to conventional and keep more of your money
Tired of paying FHA mortgage insurance? See how refinancing into a conventional loan can remove MIP, use your home equity, and lower your payment. Texas & Oklahoma.
Chad Rutherford, Mortgage Consultant
Eagle Mortgage Advisors LLC
Phone: (972) 814-6552
Email: [email protected]
NMLS# 299277
Company NMLS# 872948
Licensed in: TX, OK
Eagle Mortgage Advisors LLC is licensed to originate mortgage loans in Texas and Oklahoma. Products, disclosures, and consumer protections may vary by state. Information provided in any advertisement, social media post, flyer, email, or property listing is for general informational purposes only and should not be construed as legal, tax, or financial advice. Consumers should consult their own legal, tax, or financial advisors regarding their specific situation.
Refinance FHA to Conventional & Drop Mortgage Insurance | Eagle Mortgage Advisors
Tired of paying FHA mortgage insurance? See how refinancing into a conventional loan can remove MIP, use your home equity, and lower your payment. Texas & Oklahoma.
Stop Paying FHA Mortgage Insurance Refinance to conventional and keep more of your money
What Is FHA Mortgage Insurance Costing You?
Why Refinance Out of Your FHA Loan?
No More Mortgage Insurance
FHA vs. Conventional: Mortgage Insurance
Is This Refinance Right for You?
How It Works
Find Out If You Can Drop Your Mortgage Insurance
Thank you!
Frequently Asked Questions
Ready to Say Goodbye to Mortgage Insurance?
LOAN PROGRAMS
Most FHA loans charge mortgage insurance for the life of the loan, no matter how much equity you build. If your home has gained value or you've paid down your balance, a conventional refinance could remove that monthly cost for good.
Enter two numbers for a quick estimate.
Est. FHA MI / month
Per year
Loan-to-value: % 路 Equity: %
Estimate uses the common FHA annual premium of 0.55% of the loan balance. Your actual premium depends on your loan terms. Not a commitment to lend.
FHA loans are a great way to buy a home. But once you've built equity and your credit is strong, a conventional loan can be the smarter long-term fit.
Benefit #1
On most FHA loans made since June 2013 with less than 10% down, the monthly mortgage insurance premium (MIP) never goes away. It stays for the entire life of the loan unless you refinance or sell. With a conventional loan and 20% equity, there is no mortgage insurance at all. Even with less equity, conventional PMI comes off automatically once you reach 78% of your home's original value, and you can ask to remove it at 80%.
Example: $300,000 FHA balance
~$138/mo
in mortgage insurance (about $1,650 per year) that could go away
The biggest difference is how long you pay it.
It is often a great fit if most of these sound like you:
Send us a few details and our team will review your options. No obligation.
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Common questions about refinancing from FHA to conventional
Let our team review your FHA loan and show you exactly what a conventional refinance could save you.
漏 路 Company NMLS #872948 路 306 West Main Street, Suite B, Gunter, TX 75058 路 (972) 382-1176 路 Equal Housing Opportunity