Loan programs FHA

When can I stop paying my monthly FHA mortgage insurance premium?

Cancellation of the FHA annual mortgage insurance premium (MIP) is based on factors including the loan term, loan-to-value (LTV) and regulations in place when the loan is closed.

FHA loans After 6/30/13

All Loan Terms > 15 yrs/

LTV > 90% live of loan.
LTV < 90% 11 years or end of loan if occurs less than 11 yrs.

For loans closed (or case number assigned, as applicable) 01/01/01- 06/02/13,
Annual MIP will be canceled when the LTV reaches 78.00% as follows:

FHA Loans < 15 Years
There is not a minimum time period for which the MIP must have been paid. The 5 year requirement does not apply.
If the LTV is 78.00% or less at loan closing it is exempt from monthly MIP.

read more details here  http://loans-4-u.com/mortgage_loan_fha/