Does Mortgage Insurance Really Drop at 20%?
Think mortgage insurance goes away at 20% equity? Not always—especially with FHA loans.
This is one of the biggest misunderstandings buyers have, and here’s what you really need to know:
📌 If you put less than 10% down on an FHA loan:
➡️ Mortgage insurance (MIP) stays for the life of the loan
📌 If you put 10% or more down:
➡️ MIP sticks around for 11 years
So no—it doesn’t just automatically fall off at 20% like many assume.
🧠 Here’s what to consider:• If you plan to refinance before those timelines hit, it may not matter• If you want long-term savings, compare with a conventional loan• Either way, knowing the facts helps you choose the right path from day one
#MortgageInsurance #FHALoan #MIPExplained #RealEstateTips #HomeLoanAdvice #RefinanceOptions #FHAFacts #BuyingAHome #MortgageEducation #LoanMyths #HomeFinancing #MortgageBreakdown #PMIvsMIP #FHA2025 #RealEstateHelp