When you take out a mortgage insured by the Federal Housing Administration, you make an up-front payment into its mortgage insurance fund along with your annual mortgage insurance premiums. If you pay off that loan relatively quickly, you may be eligible to get a portion of the money that you paid into the FHA's insurance fund back. Your lender is supposed to notify the Department of Housing and Urban Development of your eligibility for a refund when you pay off your loan, but lenders don't always send the notice. If you don't get a refund, your money ends up sitting with HUD and you can request your own refund.
Open a web browser on your computer and navigate to the HUD refund page.
Enter your HUD case number -- which is a nine-digit number, separated by a dash between the third and fourth digit -- in the "Case #" field, if you have a case number. Your case number might look like this: 123-456789.
Enter your name in the "Name:" field to search for a rebate. If you have a relatively uncommon last name, entering only your last name may be adequate. You can also enter your first name and middle initial to narrow down the search. If you enter a middle initial, but your loan doesn't have your initial on it, it won't come up, so you may need to experiment a bit.
Click the "Search" button to bring up the list of loans for that case number or name. If you're due a refund, you will see a record that shows your name, information about your loan, and the address to which it corresponds.
- If you're due a refund, call HUD at the number on the search page to request it. As of October 2013, the number is 800-697-6967, but the search page will have the most current number.
- Refunds vary based on when you took out your loan and how you paid it off. For loans originated after December 8, 2004, you're only eligible for a refund if you refinanced to a new FHA loan and you did it within three years. Older loans have more generous eligibility rules.
- You may be contacted by companies that offer to find your refund for you -- sometimes called tracers. While they aren't doing anything illegal, they can't do anything for you that you can't do for yourself, and they will charge you a fee.
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