FHA Mortgage Insurance Premium - Is it Deductable

I was just wondering when you get a FHA loan and with 3%, they require you to pay 1.5% Mortgage Insurance Premium at the time of closing. Is this PMI Deductible. I know PMI is deductible if you qualify. Does the same rule apply to the PMI? by canput_174_507 from Killen, Alabama. Sep 7th 2011 Reply