Stop Paying FHA Mortgage Insurance Every Single Month

September 25, 2026

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Published By

David Ghazaryan

Owner / Broker / Banker

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(702) 766-3744

NMLS 1486726

TL;DR

Refinancing an FHA loan to a conventional loan is a key strategy for homeowners looking to eliminate their monthly mortgage insurance premium (MIP). This guide covers the essential requirements and steps for this process.

Equity and Credit Score: You typically need at least 20% equity in your home and a minimum credit score of 620 to qualify.
Financial Considerations: The process involves closing costs, and your new interest rate will be based on current market conditions. However, removing MIP can often lead to significant monthly savings even if the rate is slightly higher.
Key Steps: The refinancing journey begins with assessing your finances, estimating your home's value, and consulting a mortgage advisor to review your eligibility and potential savings.

Read the full blog article here: https://www.iqratemortgages.com/blog/refinancing-fha-loans-in-texas-to-remove-insurance

Video Transcript:

Your FHA loan payment includes a fee you can eliminate. I'm David Ghazaryan, and I create the plan to remove it. When your ownership reaches twenty percent, we cancel the FHA fee. Even with a higher rate, your total monthly house payment drops. Waiting for perfect rates wastes money on insurance every month. I post these breakdowns on my website and social channels.

Read Blog Here: https://www.iqratemortgages.com/blog/refinancing-fha-loans-in-texas-to-remove-insurance

David Ghazaryan

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