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Hello, can you sell an FHA home before the pmi is gone?

Please let me know at your earliest convenience and thank you in advance. by charlotte.fray445 from West Lafayette, Indiana. Mar 31st 2014 Reply


Chris Gummerson (cgummerson11)
#397 ranked lender in California - 648 contributions

You can sell your home at anytime. The PMI is to pay lender in event of default losses, so selling your home wouldn't have an impact unless you do a short sale, then you would need current lender approval.

Mar 31st 2014
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Absolutely, the PMI is only there to protect the lender in the event of a default on the mortgage, hope this helps.

Mar 31st 2014
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

You may sell your home at any time. Please note that the payoff amount is calculated on a monthly versus daily amount.

Mar 31st 2014
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James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions

Simply yes.

Mar 31st 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

You can sell your home any time.. however, with FHA, in most cases, the PMI is for the life of the loan. The only way to get it removed Is to pay it off, refinance it to a different loan product, or sell the home.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Mar 31st 2014
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

Absolutely. That is not relevant to your ability to sell the home. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Apr 1st 2014
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