Hello, on my initial loan fee chart there is a 1000 dollar Up-Front charge for Mortgage Insurance, and a monthly charge of 100. My realtor said that once I have 20% equity that I could possibly get the Up-Front charge refunded - but everything I see online seems to say before 2004 for FHA.
I plan on having over 20% equity within 6 months of the purchase and would love to have the 1000 dollar Up-Front MIP fee refunded, or at least part of it. My loan is FHA guaranteed 30yr through Wells Fargo in Florida.
Has anyone heard of this - any ideas? Thanks!
(BTW I posted in this form because this refund seems to be related to FHA from what I have seen online)