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Originally Posted by DrewKole
generally 8 or so years for the UFMIP.
Thats what Im saying, all FHA loans have to close and fund by the end of the month. If you close on the 1st, you pay interest for that entire month left.
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Its 5 years now drew and im fuckin around here, sheeeez. Oh lets not forget if you refi your fha loan into either a subprime or conventional lender you get the prorated UFMIP back from the Gov.