An MIP refund or mortgage insurance premium refund is applicable to those that created their loan after September 1, 1983, paid a mortgage insurance premium during closing and never defaulted on the loan(fha-information.com). If you purchased property from a seller that never received a MIP refund then you may be able to get a refund when the mortgage loan is paid in full. In the case of a FHA refinance, you may be able to use an existing refund for the up front costs of a new loan.

If you think that you are applicable for a MIP refund then there are many places online including fha-information.com that offer tables and calculation methods that will tell you what you are owed. If for any reason you think that a MIP refund should be coming your way go through the checklist of factors needed to make sure. Money may be waiting for you and in our current economic times every dollar counts. You can also call this number if you have any MIP Refund questions 1-800-697-6967. This number calls the approriate office in Washington D.C.